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July 17, 2007

News Corp. nearing deal with Dow Jones; Bancroft family still balking.

The Associated Press reports that News Corp. has reached a "tentative" deal to buy Dow Jones, which owns The Wall Street Journal:

Rupert Murdoch’s News Corp. reached a tentative agreement to buy Wall Street Journal publisher Dow Jones & Co., the Journal reported Tuesday, but he must still win over the company’s controlling shareholders.

News Corp. already owns Fox broadcast network, Fox News Channel, The Times in the United Kingdom, the New York Post, the Twentieth Century Fox movie and TV studio, and MySpace.

Posted by Holden Oliver (Kitzbühel Desk) at July 17, 2007 11:23 PM

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