• By Jordan Golson
    Dec 13, 2007 3:32 PM 106
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    read more: #acquisitions, #newscorp, #dowjones, #media, #rupertmurdoch, #wallstreetjournal, #valleywag

    Dow Jones shareholders, for one, welcome Murdoch as new overlord

    Master RupertA Reaganesque landslide: Dow Jones shareholders voted 60 percent in favor of Rupert Murdoch's purchase of the company which publishes the Wall Street Journal. The Bancroft family, split as always on the deal, tendered 54 percent of their supervoting shares to approve the deal, while an overwhelming 78 percent of common stock was voted in favor. Murdoch has already started replacing execs at Dow Jones, and News Corp. takes formal control tomorrow. (Photo by AP/Evan Vucci)


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