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Jun26
Dow Jones, News Corp. Come to Editorial Board Agreement

Continuing Coverage of the Dow Jones Story

People close to the negotiations say that Dow Jones & Co. (DJ) board and News Corp. (NWS-A) have come to an agreement in principle on how the editorial board of The Wall Street Journal will be constituted.

The general, overall pieces of the agreement are in place, while a few smaller issues are being worked out.

News%20Corp%20responds%20to%20Dow%20Jones%20board%20offer.jpgDetails of the final deal haven't been released or told, but this has been the obvious key to moving ahead with the rest of the negotiations. The only wait left will be the agreement being brought to the Bancroft family for approval or rejection. If that's decided in the affirmative, it won't be very long before the deal comes together.

The key motivator for News Corp. in this is of course their upcoming cable business channel, which could mine the Journal and the other Dow Jones properties for a ton of content that has a trusted brand already built into it. It's instant credibility.

An interesting aside to all this is the deafening silence of early rumors that billionaire Ron Burkle was going to work in conjunction with the Independent Association of Publishers' Employees union to make an offer for the company. Nothing has been heard from them since the early days the story broke.

Related Coverage:

Dow Jones Deal Coming Closer to a Conclusion

Latest Plan by Bancrofts Shows Board may be Just Rubber Stamp for Them

Dow Jones Board Drafting "Editorial Independence" Statement - Will Murdoch Accept?

General Electric and Pearson PLC Drop out of Dow Jones Sweepstakes

Bancrofts Out of the Dow Jones Negotiations - Board Takes Over

General Electric, Pearson PLC Consortium to Buy Dow Jones Already Under Fire

Bancrofts Said to be Readying Proposal for Special Board

Another Dow Jones Suitor Bites the Dust

More Suitors for Dow Jones than Men Saying They were Father of Anna Nicole Smith's Baby

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6 Comments/Trackbacks




» Rupert Murdoch Says He Won't Raise Bid for Dow Jones & Company from ManagersRealm
Continuing Coverage of the Dow Jones StoryFrom Rupert Murdoch's perspective, he's done everything he's willing to do to buy Dow Jones & Co. (DJ). In one of the last remaining points being bantered around: the offering price, Murdoch sai... [Read More]

» Is Rupert Murdoch being Held to a Higher Standard than His Competitors? from ManagersRealm
An interesting op-ed piece by Norman Pearlstine in the Los Angeles Times talks about the failure of many newspapers and magazines to have a high standard of editorial independence. He even talks about the failure of the New York Times... [Read More]

» Ron Burkle Finally being Brought into Dow Jones Soap Opera from ManagersRealm
Continuing Coverage of the Dow Jones StoryA long time after being named as a potential suitor of Dow Jones (DJ), Ron Burkle has been invited to meet with the board to see if there is any favorable options for the... [Read More]

» Rupert Murdoch Bid for Dow Jones Already Saving Them Jobs from ManagersRealm
If Rupert Murdoch had not made the bid for Dow Jones & Company (DJ), a number of Wall Street Journal workers may have already lost their jobs, according to a New York Times article. They cited a person close to... [Read More]

» Rupert Murdoch Sends Message will Start Business Channel with or without Dow Jones from ManagersRealm
Rupert Murdoch has made the commitment to topple CNBC as the leading business TV channel in the U.S. It's one of the reasons he made the bid for Dow Jones (DJ).With the announcement on Wednesday that the new business TV... [Read More]

» Here we go again: Another Bancroft Panics Over Dow Jones Being Bought by Rupert Murdoch from ManagersRealm
Continuing Coverage of the Dow Jones Story In what's getting to be almost a circus, another Bancroft member, Christopher Bancroft, has reportedly ran to General Electric (GE), hedge funds and private equity firms in an effort to keep Rupert Mu... [Read More]

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