In a blog post earlier this year I predicted that we’re going to see a major acquisition in the first six months of 2007, and as many of you know I don’t like to be wrong. A few of my predictions have already come true including the move from print to online. Just look at what happened at Time Inc. and InfoWorld. Time laid off more than 250 workers as part of the company’s plans to expand its web properties, and InfoWorld became one of the first trade publication to discontinue the print publication.
Even though the rumors around a Microsoft and Yahoo! merger were put to rest, we still have one big looming acquisition: News. Corp and Dow Jones. A News Corp. and Dow Jones merger isn’t as big as a Microsoft and Yahoo! merger, but it does combine two industry behemoths, and raises the question of monopolies. A merger of this size would send ripples through the publishing industry and would create a media giant, but would this be such a bad thing? Yes, because in my opinion Dow Jones, and particularly the Wall Street Journal would lose some credibility and would force people like me to turn to it’s number one competitor, the New York Times.
Rumors have it that the Financial Times is next on the horizon for News Corp, but let’s wait to see what happens with Dow Jones first.