The deal, which was completed after a public wrangling match, will end the controlling Bancroft family’s 105-year interest in Dow Jones. Both News Corp and Dow Jones boards had earlier approved the deal.
Widespread concerns over whether News Corp will maintain the editorial integrity and quality of Dow Jones’ brands has prompted Murdoch to establish an editorial oversight committee.
“News Corp has discussed additional investments in the Journal’s newsgathering and opinion operations. In addition, as part of a larger company, the Journal would hope to find new opportunities to distribute its journalism through News Corp’s significant broadcast, cable and satellite services around the world,” said a Dow Jones Asia-Pacific spokesperson.
