Peter Lattman points out that lost in the hoopla of News Corp acquiring Dow Jones and the WSJ is Murdoch’s purchase of his law blog. The WSJ Law Blog to be exact.

Not the first law blog to be acquired though. Legal Blog Watch by Carolyn Elefant and Bob Ambrogi and a few other ALM blogs were picked up by Incisive Media, a British business news provider, in its acquisition of ALM.

$500 million for ALM. $5 Billion for Dow Jones. Could it be for the blogs?