Murdoch Poised to Seal Dow Jones Deal
A majority of Dow Jones' directors recently voted in favor of accepting News Corp.'s offer, but two Bancroft family members that holds board seats, Christopher Bancroft and Leslie Hill, reportedly abstained from voting in a move that amounts to a "no" vote.
Also, Dieter von Holtzbrinck, a Dow Jones director who is the heir of a German publishing empire, resigned his seat in protest of the deal, citing concerns about News Corp.'s editorial practices.- Loading Comments...
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