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Weekly News Digest

May 7, 2007 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

News Corp. Offers to Buy Dow JonesóDeveloping Story

News Corp. (www.newscorp.com), the media conglomerate owned by Rupert Murdoch, has offered $5 billion to buy Dow Jones & Co. (DJ; www.dj.com)—this represents a huge (67 percent) premium to pay for the company. The Bancroft family, which holds voting majority in DJ, is against the sale, as is the DJ employees’ union. DJ issued a statement on May 2 indicating that its "Board of Directors has determined to take no action with respect to the proposal" (www.dj.com/Pressroom/PressReleases/Other/US/2007/0502_US_DowJones_9971.htm). We’ll be watching to see what happens next …

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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