Wednesday, July 18, 2007
The Dow Jones board approved the sale of the company to News Corp yesterday. None of the sixteen directors dissented from the vote, although two members of the Bancroft family did not vote at all -- one left early, another abstained from voting, as did another director. News Corp. announced its board would authorize the agreement if enough Bancroft family members promptly signed voting agreements to assure shareholder approval. The Bancroft family will meet Monday to consider the deal. NYTimes, Dow Jones Board Reaches Deal With Murdoch; WSJ, Dow Jones Board Approves Sale.