The company that owns The Inquirer, Philadelphia Daily News and Philly.com, has expressed interest in joining with outside partners to buy Dow Jones & Co., the publisher of the storied Wall Street Journal.
“If there was a formalized bidding process, it would be our intention to participate,” Brian Tierney, chief executive of the company, Philadelphia Media Holdings said this evening. “We would participate as Philadelphia Media Holdings along with other investors. We wouldn’t do it it alone.”
Dow Jones has been the object of a $5 billion takeover bid from media baron Rupert Murdoch. Dow Jones has been under siege since Murdoch’s News Corp. made its bid.