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Article: New year, new owners for Journal
- Article from:
- Charleston Gazette
- Article date:
- December 10, 2007
- Author:
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Copyright informationCopyright 2007 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK - By the end of this week, the world's best-known
chronicle of capitalism, The Wall Street Journal, will be owned by
another company - something many thought would never happen.
For more than a century, the Journal's parent company, Dow Jones
& Co., was controlled by the Bancroft family, descendants of
Clarence Barron, one of the earliest owners of the storied financial
publishing company.
The family was long seen as unified in opposition to selling and
at first rebuffed the extremely rich offer from Rupert Murdoch's
News Corp., which valued the company at more than $5 billion, well
above where Dow Jones stock was trading.
In the end, Murdoch won over enough family members to ...
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