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July 25, 2008 12:21:38 AM CDT



Dow Jones Director Quits Over Murdoch Deal

Posted Jul 20, 07 7:41 AM CDT in US Business 

(Newser) – A German publishing heir resigned from the Dow Jones board of directors yesterday in protest over the board's vote to accept Rupert Murdoch's $5 billion offer to buy the company. In his letter, Dieter von Holtzbrinck said the deal jeopardized the editorial integrity of the Wall Street Journal. "Dow Jones' unique journalistic values will strongly suffer after the proposed sale," he charged.

Von Holtzbrinck said he didn't believe the committee devised to safeguard the Journal's editorial integrity would "prevent Mr. Murdoch from doing what he wants to do." The resignation is mostly symbolic, but it could influence members of the Bancroft family, who control the majority of shares and must approve a final deal. 

Source Wall Street Journal

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Co., which is considering a bid to be bought by Rupert Murdoch's News Corp., reported lower second-quarter profits Thursday, July 19, 2007 due to an accounting charge, but revenues and operating income...   (Associated Press)
Co., publisher of The Wall Street Journal, the Journal reported on its Web site Monday July 16, 2007. (AP Photo/Jason DeCrow)   (Associated Press)
Co. media conference in Sun Valley, Idaho. (AP Photo/Elaine Thompson, File)   (Associated Press)
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