WSJ Reporters Hoping Burkle Will Save Them

The rate of hyperventilation in Wall Street Journal offices presumably slowed Tuesday, after a potential Not-Murdoch savior emerged.

After much groveling on the part of Dow Jones employee union head Steve Yount, LA billionaire Ron Burkle has apparently agreed to at least take a look at the Dow Jones deal.

More from the AP's Seth Sutel...

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Meanwhile, the hunt is on for other potential white knights. A savvy friend suggested Google (GOOG) or Yahoo (YHOO). The acquisition would be a tuck-in for either (for Google, anyway), and there would certainly be no worries about overbearing editorial control (because neither company is really in that business). But still seems a long shot. Not because there wouldn't be synergy--there would. Just because the move would require a major commitment to a single vertical.

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