'Wall Street Journal' May Garner Another Suitor

Brian Tierney, a private investor who led a group that bought the Philadelphia Inquirer , told the The Wall Street Journal that he may make a counter-bid for Dow Jones & Co., the company that owns the paper.

STEVE INSKEEP, host:

NPR's business news starts with potential competition for Rupert Murdoch.

(Soundbite of music)

INSKEEP: The man who led the purchase of the Philadelphia Inquirer last year may try next for the company that owns The Wall Street Journal. At least that's what Brian Tierney tells The Wall Street Journal. Its controlling family is considering a lucrative offer from Rupert Murdoch's News Corp. But some at the company Dow Jones want alternatives.

And earlier this week, a Dow Jones union said it would ask supermarket magnate Ron Burkle to counter Murdoch's $5 billion offer. Yesterday, Brian Tierney said he's not thinking Murdoch's offer was too much to pay.

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