News of News Corp’s bid to buy Dow Jones was felt quickly on the stock market this afternoon.
Dow Jones’s stock price, which started out the day at $37.12, rose 58%, or $20.95, to $57.28, where the stock was halted by the NYSE until further notice, according to the International Herald Tribune.
This news has also, of course, affected the stocks of other major print media outfits today.
As of this posting, The New York Times Co. had reached a high of $26.40 by mid day, after opening at $23.41; The Washington Post Co. opened at $744.70 and went to $766.65.
What about News Corp? The company behind the unsolicited bid opened at $24.55—and has remained steady.