Tentative agreement reached on Dow Jones control

Cory Bergman June 26th, 2007

Talks between News Corp. and Dow Jones has taken another big step forward with news that the two companies have reached a tentative agreement over editorial control. Explains the NY Times, “That clears the way for negotiation of price and other remaining issues. But some people close to the talks cautioned that certain details on editorial independence remained to be settled, and said they were even reluctant to call it an agreement yet.” And all this would still have to be approved by the Bancroft family. The WSJ story today breaks down how a deal might come together.