Ad Executive Shows Jones for Dow Jones

Brian Tierney says Murdoch's offer isn't too high.
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An advertising executive who led an investor group takeover of Philadelphia's two daily newspapers is reportedly interested in kicking the tires of

Dow Jones

(DJ)

.

The Wall Street Journal's

online edition reported late Wednesday that Brian Tierney, who spearheaded the investor group that bought

The Philadelphia Inquirer

and the

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

News Corp.

(NWS) - Get Report

.

"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

Journal

, 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.