MEDIA
08/01/2010 05:12 am ET Updated May 25, 2011

How Rupert Murdoch Won The Wall Street Journal And Lost Billions

Reportorial nuggets such as this abound in Sarah Ellison's exhaustive book--War for the Wall Street Journal--on Murdoch's acquisition of the newspaper and its corporate parent, Dow Jones and Co., helping to explain why he spent $5.6 billion on a transaction that 1) ended up reducing his personal net worth by $5 billion and 2) required his company, News Corp., to write off $3 billion of the investment by 2009.

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