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 NEW YORK (AP) - The family that controls Dow Jones & Co. says it is warming to the idea of selling the company to Rupert Murdoch or someone else, citing the "evolving competitive environment" in which the publisher of The Wall Street Journal operates.
To get an idea of just how fast that world is evolving, look no further than a blockbuster deal to combine two major financial news providers, Thomson Corp. and Reuters Group PLC, which first leaked out just two days after the Bancroft family's initial dismissal of Murdoch's bid in early May.
That deal, currently worth $17.8 billion, will create the world's largest provider of real-time financial news and information, putting Dow Jones in an even tougher spot as it tries to expand its presence in electronic media.
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