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Murdoch Reaches Tentative Deal to Buy Wall Street Journal

HeadlineJul 17, 2007

In media news, Rupert Murdoch’s New Corp. has reached a tentative agreement to purchase Dow Jones & Company and The Wall Street Journal. On Monday, negotiators from News Corp. and Dow Jones agreed to a $5 billion deal, but it must still be approved by the full Dow Jones board and the company’s controlling shareholders, the Bancroft family.

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