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 NEW YORK (AP) - Billionaire investor Ron Burkle is working with a union representing workers at Dow Jones & Co. to explore alternatives to Rupert Murdoch's $5 billion bid for the company, which publishes The Wall Street Journal.
The Independent Association of Publishers' Employees said in a statement Tuesday that it had reached out to Burkle, as well as the billionaire investor Warren Buffett and others, in an attempt to find other potential buyers for Dow Jones. The union strongly opposes Murdoch's bid, saying he might slant the Journal's coverage to suit his business interests.
Burkle, who made a fortune investing in supermarket chains, recently lost out on a joint bid for Tribune Co. with fellow investor Eli Broad, and also worked with newspaper unions on failed bids for Knight Ridder Inc. and for The Philadelphia Inquirer and Philadelphia Daily News.
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