GE Not Media-Shy

With a growing chorus of investors clamoring for General Electric (GE Quote) to shed its media assets, news that the conglomerate is exploring the acquisition of a downtrodden newspaper publisher may be the last thing that Wall Street wants to hear.

In the end, however, shareholders don't pay GE's CEO, Jeff Immelt, to tell Wall Street what it wants to hear. They pay him to create long-term value.

While any investments GE makes in Dow Jones (DJ Quote) would likely be pilloried in the short term by shareholders who are already frustrated with its stagnant stock, such a move could one day be vindicated. ...