Macro
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| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
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| +0.30 | +0.30 | +0.30 | +0.30 | +0.04 | +0.30 | +0.30 | -0.12 | +0.00 | +0.00 | -0.10 | -0.10 |
The iPhone launch transformed wireless value and News Corp won the WSJ, but the August credit crunch cooled the ad outlook late. Positive then softening.
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Thomson Corp. has secured initial approval to acquire Reuters for $17.6 billion, forming Thomson-Reuters, a dominant player in financial data with a 34% market share, slightly ahead of Bloomberg. The deal faces antitrust scrutiny and union opposition over potential job cuts, while combining Thomson's legal and financial services with Reuters' global news and data operations. The merged entity will list on Toronto, London, and Nasdaq exchanges, with Thomson's shareholders holding a 53% majority stake.
News Corp, led by Rupert Murdoch, has acquired Dow Jones & Company, publisher of The Wall Street Journal, for $5.6 billion, ending the Bancroft family's century-long control. The deal, backed by the Bancrofts after extensive deliberation, gives Murdoch a dominant position in global financial media and strengthens his competitive stance against rivals like CNBC and the Financial Times. The acquisition underscores broader industry consolidation and raises questions about editorial independence under Murdoch’s media empire.