Dow Jones in talks to buy Hearst half of SmartMoney

Tue, 02/23/2010 - 15:26 EDT story from admin
 

News Corp.'s Dow Jones is in talks to buy partner Hearst Corp.'s half of personal finance magazine SmartMoney, The Wall Street Journal reported Tuesday.The Journal, which is published by Dow Jones, said the purchase could be announced within days. It said a price could not be learned."Hearst Corporation and Dow Jones have been partners since 1991 and have regularly discussed what is best for the SmartMoney brand," the Journal quoted Dow Jones as saying."We are in talks to transition SmartMoney 100 percent to Dow Jones ownership," the Dow Jones statement said.

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