Dow Jones board reaches deal with Murdoch

Cory Bergman July 17th, 2007

“It’s now down to the Bancrofts,” reports the NY Times. After months of negotiations, Rupert Murdoch and company are down to the last hurdle after the Dow Jones board agreed to go ahead with a sale. Now the Bancroft family, which controls the company, will meet on Monday to make a final decision — which could take as long as a week.