In media news, Rupert Murdoch’s New Corp. has reached a tentative agreement to purchase Dow Jones & Company and The Wall Street Journal. On Monday, negotiators from News Corp. and Dow Jones agreed to a $5 billion deal, but it must still be approved by the full Dow Jones board and the company’s controlling shareholders, the Bancroft family.
Murdoch Reaches Tentative Deal to Buy Wall Street Journal
HeadlineJul 17, 2007