The Week: Media News - Pearson withdraws bid

Pearson, the Financial Times' owner, and the NBC owner, General Electric, have backed out of their joint bid for Dow Jones, the owner of The Wall Street Journal, leaving Rupert Murdoch's News Corp as the sole prospective purchaser. Pearson shareholders and the media analyst Lorna Tilbian called on the company to sell the FT and avoid a circulation war with Murdoch should his bid succeed.