|
|
Article: News Corp. completes Dow Jones purchase
- Article from:
- Oakland Tribune
- Article date:
- December 14, 2007
- Author:
-
|
Copyright informationCopyright 2007 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
|
NEW YORK -- Rupert Murdoch completed his $5 billion-plus deal to
acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to
his global media conglomerate News Corp. and ending a century of
control by the Bancroft family.
The changeover is sure to bring significant changes to the
Journal, starting with a new management team that was announced late
last week. Longtime News Corp. publishing executive Les Hinton will
be chief executive, while Robert Thomson, editor of Murdoch's The
Times newspaper in London, will be publisher. Several Dow Jones
executives are departing, including CEO Richard Zannino.
Shareholders approved the deal by a margin of 60.3 percent. About
78 percent of the ...