Media mogul Rupert Murdoch has bought the company that publishes the prestigious Wall Street Journal in a deal worth $5.6bn.
Mr Murdoch's News Corporation has agreed the takeover with the Bancroft family who control Dow Jones.
News Corp already owns a huge number of newspapers, broadcasters and other media around the world, including B-Sky-B, Fox News, The Sun and MySpace.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com