(Reuters) - NEW YORK, June 28 - 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 selected by News Corp.,
three sources familiar with the matter said on Thursday.
The agreement is an attempt to persuade the Bancroft
family, which controls Dow Jones through its voting shares, to
sell the 125-year-old U.S. publishing company to News Corp. for
$5 billion.
Read more at Reuters.com Mergers 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 selected by News Corp.,
three sources familiar with the matter said on Thursday.
The agreement is an attempt to persuade the Bancroft
family, which controls Dow Jones through its voting shares, to
sell the 125-year-old U.S. publishing company to News Corp. for
$5 billion.
Read more at Reuters.com Mergers News
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