MediaBuyerPlanner: News Corp. and advisers to Dow Jones and its controlling Bancroft family were nearing agreement on terms that would protect the Wall Street Journal’s newsroom independence, should Dow Jones accept News Corp.’s takeover offer, writes The New York Times.
Once an agreement is made, the only remaining barrier to Rupert Murdoch’s purchase of Dow Jones would be the selling price, according to the article.
Murdoch’s offer is 67 percent over what Dow Jones shares were trading at when the offer first became public more than a month ago.
Related stories:
- GE, Pearson Considering Dow Jones Bid
- Murdoch Meets with Dow Jones’s Bancrofts; Burkle Expresses Interest
- Bancrofts Agree to Chat with Murdoch about Future of Dow Jones
- Bancroft Family to Meet in Private about News Corp. Offer
- Murdoch Makes $5 Billion Offer for Dow Jones
