The purchase of the Dow Jones & Co. would add to Murdoch's $28 billion global media empire, which includes 100 newspapers, the Fox television network and the online social networking Web site MySpace.
Two guests answered your questions about how the deal may impact the media industry and business world.
Andrew Leckey, director of the Donald W. Reynolds National Center for Business Journalism at Arizona State University, has been a syndicated investment columnist for the Chicago Tribune for more than two decades. He also spent a decade as a business reporter for the ABC station in Chicago and five years as a financial anchor on the CNBC network.
Arlene Morgan, associate dean at the Columbia School of Journalism, worked for more than 30 years at the Philadelphia Inquirer, where she was assistant managing editor.