Monday, July 9, 2007

Murdoch to be talk of Sun Valley media festival

(Reuters) - Participants will watch closely for any move by the 76-year-old chief executive of News Corp., including a sudden departure from the event, as a sign of a deal that would give him control of The Wall Street Journal, one of the world's most influential business media outlets.




News Corp. hired Allen & Co., the media industry's go-to bankers, to advise on the bid. Perhaps that is one reason why Dow Jones CEO Richard Zannino, a fixture at last year's Sun Valley but who hired Goldman Sachs, is not on the invitation list this year.


Read more at Reuters.com Mergers News

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