Dow board clears way for Murdoch

摘要

THE-fate of Dow Jones & Co now rests with the Bancroft family,the company's long-time controlling shareholders,who must decide whether to sell the publisher of The Wall Street Journal'to Rupert Murdoch's News Corp,a global media conglomerate that owns Twentieth Century Fox and the Fox News Channel.The board of Dow Jones said late Tuesday it was ready to sign off on Mr Murdoch's proposal to buy the company for 5 billion.