Dow Jones, Murdoch's News Corp. reach deal

July 17, 2007
Dow Jones & Co., which publishes The Wall Street Journal, and News Corp. have agreed to sale terms, the newspaper reported late last night.

Dow Jones' board will meet this evening, although the newspaper said it is unclear how the Bancroft family, which owns 64 percent of Dow Jones' voting power, will react.

The price of $60 per share, or $5 billion, is the same as when news of News Corp.'s offer was brought to light in April.

The offer by News Corp. and its owner, Rupert Murdoch, has stirred controversy because many outside observers as well as members of the Journal editorial staff fear Murdoch will impose his views on news coverage.

Source: XMLFULL/XMLFull3142.xml

Recent Articles by IBJ Staff

Comments powered by Disqus