Pearson bails on DJ bid

It's looking more and more as if Rupert Murdoch will win the battle for Dow Jones - and it might come soon. No explanation for the decision by Pearson, publisher of the Financial Times, not to pursue DJ (publisher of the WSJ). It had been holding exploratory talks with CNBC parent General Electric about some kind of joint bid, but the idea never gained much traction. A number of Pearson shareholders were practically in revolt over the prospects. (The Business, Bloomberg)