(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, three sources 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 media tycoon
Rupert Murdoch's News Corp. for $5 billion.
Read more at Reuters.com Bonds 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.
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 media tycoon
Rupert Murdoch's News Corp. for $5 billion.
Read more at Reuters.com Bonds News
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