Dow Jones, Murdoch near pact on independence
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Dow Jones & Co. Inc. and Rupert  Murdoch&#39;s News Corp. are close to a pact that would protect the  journalistic independence of The Wall Street Journal if News  Corp. acquired the media company, according to newspaper  reports on Sunday.
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Rupert Murdoch finally met face-to-face with the controlling family of Dow Jones yesterday, attempting to woo the wary owners into taking his $5 billion bid for the company and its crown jewel, the Wall Street Journal.
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BOSTON/NEW YORK  - Members of the Bancroft family, which controls Dow Jones & Co. Inc. , met in Boston on Monday to consider a $5 billion offer by Rupert Murdoch's News Corp   for the publisher of The Wall Street Journal.
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The board of the union, representing employees at the Wall Street Journal and other Dow Jones properties, is scheduled to meet on Friday to endorse the deal and set a date for a vote by the membership.
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Dow Jones & Co. Inc.  said on Tuesday that its board was prepared to recommend shareholders accept a $5 billion buyout offer from Rupert Murdoch's News Corp. , leaving the fate of the company in the hands of its controlling family.
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A tentative deal between News Corp.  and Dow Jones & Co. Inc. would give an independent board the  power to approve the hiring and firing of top editors at The  Wall Street Journal, three sources said on Thursday.
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Dow Jones & Co. Inc. Chief Executive Richard Zannino tentatively agreed on Monday to a $5 billion takeover bid by News Corp., though the company's controlling Bancroft family remains divided on the deal, the Wall Street Journal reported.
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General Electric Co.  and Pearson Plc  may challenge News Corp.'s $5 billion bid for Dow Jones & Co.  with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.
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The family that controls Dow Jones & Co expects to decide by early next week if it wants to sell the company to Rupert Murdoch's News Corp for $5 billion, a source familiar with the matter said on Tuesday.
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Members of the Bancroft family, which controls Dow Jones & Co. Inc. , may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp  for the publisher of The Wall Street Journal.
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The family that controls Dow Jones &  Co.  said it will meet with News Corp. (NWSa.N) to  discuss its $5 billion bid for the company, bringing the  publisher of The Wall Street Journal a step closer to a sale.
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Dow Jones & Co.&#39;s board and Rupert  Murdoch&#39;s News Corp. have completed talks on a $5 billion  buyout of Dow Jones and are expected to announce a deal next  week, London&#39;s The Business weekly magazine reported on Friday.
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The Bancroft family, controlling shareholders of Dow Jones & Co. Inc. , are set to submit a new set of proposals to News Corp.  on how to protect the Wall Street Journal's editorial independence, the Journal reported on Monday.
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Rupert Murdoch's News Corp. and advisers for Dow Jones and its controlling Bancroft family were close last night to agreeing on terms designed to ensure The Wall Street Journal's editorial independence if the company accepts a takeover bid from Murdoch, according to several people briefed on the talks.
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Advisers to Rupert Murdoch&#39;s News  Corp. (NWSa.N) and Dow Jones & Co. Inc.  could reach a  pact on editorial independence as early as Monday, a source  familiar with the situation said, heightening expectations a  takeover deal could soon be reached.
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A tentative deal over editorial independence at The Wall Street Journal would give Rupert Murdoch's News Corp.  the sole power to hire and fire the newspaper's top editors if it succeeds in buying Dow Jones & Co. Inc. , The New York Times said on Thursday.
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BOSTON/NEW YORK  - Members of the Bancroft family that controls Dow Jones & Co Inc met in Boston on Monday to consider a $5 billion offer by Rupert Murdoch's News Corp  for the publisher of The Wall Street Journal.