According to MSN Money, The Bancroft Family has accepted Rupert Murdoch and News Corporation's $5 Billion bid for the Dow Jones companies and venerated news brands including The Wall Street Journal, Barron's, and More.
"The Bancroft family has accepted," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters earlier today in Chicago. "Dow Jones will be part of News Corp."
Consumers (and publishers) of Fine Financial News, Meet your new Daddy:
I hope he doesn't make them "Fair and Balanced"
It would also be nice if the WSJ editorial board sets up a MySpace page or something (In the spirit of corporate camaraderie.) I can't wait to leave animated .gif comments for Dorothy Rabinowitz!
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