Shareholders Approve Dow Jones Sale
1:01 PM Wed, Dec 12, 2007 | Permalink
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Dow Jones shareholders have approved the company's sale to News Corp., according to a count of proxy votes cast in advance of tomorrow's shareholder meeting. The Wall Street Journal, the company's flagship property, published the results on its Web site today. The acquisition is expected to result in the sale of several Dow Jones-owned newspapers in New England, including the Cape Cod Times and The Standard-Times in New Bedford. Rupert Murdoch, the News Corp. chairman, has been open about his plans to sell the local newspapers, part of the Ottaway group, since he began his effort to acquire Dow Jones. Last month, Dow Jones said it was "exploring strategic alternatives for its Ottaway group of community newspapers and media franchises." 
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