Shareholders Approve Sale Of Dow Jones
December 13, 2007 at 12:58 PM (PT)
DOW JONES shareholders have approved the $5 billion sale of the company to RUPERT MURDOCH's NEWS CORP. The vote was held TODAY in MANHATTAN, with about 78% of publicly traded shares and 54% of class B shares (mostly held by the BANCROFT family) voted to approve the deal.
DOW JONES owns the WALL STREET JOURNAL, BARRON'S, OTTAWAY NEWSPAPERS, the DOW JONES NEWSWIRES, FACTIVA, an interest in SMART MONEY magazine, the DOW JONES stock market indices, and the WALL STREET JOURNAL RADIO NETWORK.