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Article: Dow Jones, Murdoch Near Agreement on Journal Board
- Article from:
- The Washington Post
- Article date:
- June 26, 2007
- Author:
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An announcement could come as early as today that Rupert
Murdoch's News Corp. and the Dow Jones board of directors have
agreed on editorial protections for the Wall Street Journal,
allowing the two sides to start discussing Murdoch's bid for the
company and its high-profile newspaper.
The Dow Jones directors seek the creation of a board that would
serve as a buffer between the Journal and Murdoch. Such a board,
which exists at Murdoch's Times of London, would mediate differences
between Murdoch and the newsroom editors of the Journal, should they
arise. Such editorial boards are generally empowered to issue
binding decisions.
The two sides met all weekend and into last night on the details ...