(Reuters) - NEW YORK, June 26 - Rupert Murdoch's News Corp.
and Dow Jones & Co. Inc. have "basically
agreed" on safeguards to the editorial independence of Dow
Jones' news operations, a source familiar with the matter said
on Tuesday, setting the stage for Dow Jones to accept a $5
billion buyout offer.
The source said Dow Jones' controlling family, the
Bancrofts, would be consulted on the agreement, which was
reached late Monday evening. The Bancroft family must approve
any deal with News Corp., which is controlled by Murdoch.
Read more at Reuters.com Mergers News
and Dow Jones & Co. Inc. have "basically
agreed" on safeguards to the editorial independence of Dow
Jones' news operations, a source familiar with the matter said
on Tuesday, setting the stage for Dow Jones to accept a $5
billion buyout offer.
The source said Dow Jones' controlling family, the
Bancrofts, would be consulted on the agreement, which was
reached late Monday evening. The Bancroft family must approve
any deal with News Corp., which is controlled by Murdoch.
Read more at Reuters.com Mergers News
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