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Alan Meckler, the CEO of JupiterMedia, has some advice for Yahoo (YHOO) on what to do next. He thinks Yahoo should buy Dow Jones (DJ). (Which of course publishes The Wall Street Journal, Barron’s and my blog, among other things.)

Yahoo’s strength is as a media company. It also has significant strength in the financial space. Therefore if I was running Yahoo I would make a full court press to remain the number one financial organization on the Web. And I would do that by attempting to buy Dow Jones.

Presuming one could entice Dow Jones to sell to Yahoo is presuming quite a lot. Regardless, such a move would separate Yahoo from being compared to Google and would make Yahoo a true media company powerhouse.

That is my idea for today.

As a Dow Jones shareholder and employee, let me just say, if Terry Semel wants to buy Dow Jones for some huge premium over the current price, I’m with him all the way.

Unfortunately, he thinks the press is full of shit.

Source: Yahoo Should Buy Dow Jones, Says JupiterMedia's Meckler