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Article: Bid for Dow Jones faces more disfavor
- Article from:
- Charleston Gazette
- Article date:
- May 7, 2007
- Author:
CopyrightCopyright 2007 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK - Rupert Murdoch's bid for Dow Jones & Co. ran into more
resistance Sunday as a large Dow Jones shareholder said he strongly
opposes News Corp.'s bid to take over the financial news publisher,
which owns The Wall Street Journal.
Jim Ottaway Jr., a former Dow Jones board member, said in a
statement posted on the Journal's Web site that a Murdoch takeover
would lead to the "loss of the independence and integrity of a
leading national editorial voice."
"Rupert Murdoch comes from a very different tradition of
Australian-British media ownership and editorial practice in which he
has for a long time expressed his personal, political, and business
biases through his newspapers and ...