Reuters: “News Corp board OKs deal to buy Dow Jones: source”:
News Corp’s (NWSa.N) board of directors has approved a deal to buy Dow Jones & Co Inc (DJ.N) for $5 billion, a source familiar with the matter said on Tuesday.
The board met on Tuesday to consider its $60 per share offer.
Or as the Journal itself puts it:
A century of Bancroft-family ownership at Dow Jones & Co. is over.
Rupert Murdoch’s News Corp. sealed a $5 billion agreement to purchase the publisher of The Wall Street Journal after three months of drama in the controlling family and public debate about journalistic values.
Maybe that explains why this synergistic partnership is being formed concurrently in the lefthand side of the news world.
Update: And away we go!
Though many journalists impose their views regularly in biased political coverage, and last year the New York Times publisher made clear his left-wing world view, on Tuesday night the broadcast networks framed Rupert Murdoch’s acquisition of the Wall Street Journal around what agenda the
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