Dow Jones (DJ Quote - Cramer on DJ - Stock Picks) will be sold this time around, Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.
Cramer said a deal will happen, regardless of whether the buyer is Rupert Murdoch's News Corp. (NWS Quote - Cramer on NWS - Stock Picks) or someone else, because the "two obstructionists" who had previously blocked a Dow Jones buyout have now retired. Cramer named the anti-deal faction as former board member Roy Hammer, who retired in 2005, and ex-CEO Peter Kann, whose run as chairman ended last month. Cramer said their departure leaves a board and management that isn't openly opposed to a sale. That's a switch since 1996, when Murdoch tried to buy Dow Jones for $73 a share but was turned back, Cramer said. Cramer said Dow Jones probably would prefer a sale to Washington Post (WPO Quote - Cramer on WPO - Stock Picks) and might get bids from rivals such as New York Times (NYT Quote - Cramer on NYT - Stock Picks), Gannett (GCI Quote - Cramer on GCI - Stock Picks) or closely held Bloomberg. He even said Microsoft (MSFT Quote - Cramer on MSFT - Stock Picks) could be a buyer. Cramer said price doesn't appear to be an issue, with Murdoch's bid at $60 a share and the stock up 57% at $57. But he noted that Murdoch "has always loved" The Wall Street Journal and "has a lot more firepower" if a higher price is necessary. Cramer said the Dow Jones Industrial Average is up Tuesday because industrial names like Honeywell (HON Quote - Cramer on HON - Stock Picks) are getting "revalued" off strong earnings as big institutions try to complete big positions. Cramer said he didn't like the "excuses" he heard out of P&G (PG Quote - Cramer on PG - Stock Picks), though.Sponsored by:



