An advertising executive who led an investor group takeover of Philadelphia's two daily newspapers is reportedly interested in kicking the tires of
The Wall Street Journal's
online edition reported late Wednesday that Brian Tierney, who spearheaded the investor group that bought
The Philadelphia Inquirer
Philadelphia Daily News
for $515 million, said he is interested in "taking a look" at the publishing conglomerate, which has already fielded a $5 billion offer from
"I don't believe News Corp is overpaying. Dow Jones is one of the world's great journalistic enterprises," Tierney said in an interview with the
, which is owned by Dow Jones. "It contains some of the most powerful brands in business -- Dow Jones, The Wall Street Journal, Barrons -- in any industry these are the most powerful brands. And if there was an explicit process we would be inclined to participate in conjunction with others."
Dow Jones closed Wednesday off 34 cents to $60.16.