Dow Jones, Murdoch nearing pact on WSJ independence: NYT

25 Jun 2007

1

According to a report in the New York Times, Rupert Murdoch''s News Corp is clost to arriving at an agreement with Dow Jones & Co. Inc on protecting the journalistic independence of the latter''s flagship, The Wall Street Journal, as a pre condition for News Corp''s bid for Dow.

Even if the two sides reach an agreement on editorial integrity, it does not guarantee that the Dow Jones board or the majority shareholders, the Bancroft family, which controls 64 percent of the company''s shares, would approve the arrangement, The New York Times'' online edition reported on Sunday.

The Wall Street Journal said News Corp.''s offer seeks to reduce the Bancroft family''s involvement in the editorial protection system and Dow Jones was working on a counter-proposal.

Last week, Dow Jones said its board would take over the negotiations related to the $5- billion takeover offer from News Corp.

According to the The Wall Street Journal merger negotiations picked up momentum over the weekend, even though they were close to walking away due to tense discussions over editorial independence.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers