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Dow Jones Approves $5B Murdoch Deal

Journal takeover could still hit a wall with Bancroft famiy

By Peter Fearon,  Newser Staff

Posted Jul 18, 2007 5:12 AM CDT

(Newser) – Publisher Rupert Murdoch took a critical step towards control of the Wall Street Journal last night, as the Dow Jones board voted to approve a $5 billion sale of the company to the media magnate. Whether the majority-owning Bancroft family will also approve the deal...   Read full story »

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