Yes, Murdoch is the big winner.
But the Bancrofts are not losers.
They got a lot of money.
The real loser is the American newspaper industry.
They don’t believe in the future of newspapers.
Including one of the most unique companies.
Because nobody, nobody, nobody in the U.S. had the guts to bid for Dow Jones.
So… who is going to buy any serious newspaper company in the future?
Not U.S. publishers.
But other Murdochs.
The message is clear to me:
The U.S. newspaper industry is on sale.
The problem is that nobody will offer $5 billion for a newspaper group again.
The DJ sale is the last big one.
The rest will be cheaper.
These are very sad days for the American press.
And great days for anybody that believes in the future of newspapers.
Like Murdoch.
Like INNOVATION.