Murdoch’s bid places Google-like value on Dow Jones

New York: Rupert Murdoch’s $5 billion (Rs20,609 crore) takeover bid for Dow Jones & Co. values the Wall Street Journal publisher higher than Google Inc., based on a measure used by analysts. News Corp.’s $60-a-share offer represents almost 40 times Dow Jones’s projected 2007 earnings, data compiled by Bloomberg show. Google, owner of the world’s …

Small Towns Seek to Own Broadband Despite Opposition from Telcos

James Sposto and his wife, Caroline, moved their Web design company to this rural Pennsylvania Dutch town, drawn by its bucolic surroundings and its ambitious plan for its own state-of-the-art communications network. Kutztown, with a population of 5,000, had grown frustrated that its local telecom providers were slow to offer residents, and especially businesses, the …

Leon Lazaroff