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 Vancouver Canucks


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PostPosted: Wed Aug 01, 2007 12:44 am
 


NEW YORK — Dow Jones & Co. (DJ) has entered into a definitive agreement to be purchased by News Corp. (NWS), the companies confirmed Wednesday morning.

After weeks of negotiations, members of the Bancroft family, which represent at least 32 percent of the voting shares of Dow Jones, have agreed to support the deal. The company is valued at $5 billion, or $60 a share. Another 29 percent of Dow Jones shares are publicly floated, and most analysts expect the overwhelming majority of those shares to be voted in favor of a deal.

The board of Dow Jones approved the proposed transaction on July 17, leaving the final ok to the Bancrofts, who control 64 percent of Dow Jones’s voting stock through ownership of a special class of shares.

The votes end what had been nearly four months of wrangling, infighting and controversy since News Corp. chairman Rupert Murdoch first broached the idea of acquiring Dow Jones, which publishes the Wall Street Journal, Dow Jones Newswires, SmartMoney, MarketWatch and Barron’s. Murdoch suggested a deal in March during a meeting with Dow Jones Chief Executive Rich Zannino and made a formal offer to the board in April.

Continued here: http://www.foxnews.com/story/0,2933,291556,00.html

FOX has got another media outlet!

Let Conservatism rein!


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PostPosted: Wed Aug 01, 2007 12:54 am
 


Yet another American Media Outlet corrupted...


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PostPosted: Wed Aug 01, 2007 1:08 am
 


Maple Leafs and Medicine Hat suck! So there!


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PostPosted: Wed Aug 01, 2007 5:24 am
 


Bye Bye CNBC.


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