Director Resigns Dow Jones Board In Protest Over News Corp. Deal

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DIRECTOR RESIGNS DOW JONES BOARD IN PROTEST OVER NEWS CORP DEAL
[SOURCE: Wall Street Journal, AUTHOR: Sarah Ellison & Shira Ovide]
Dieter von Holtzbrinck, an heir to the von Holtzbrinck publishing empire, resigned from Dow Jones & Co's board of directors to protest the board's decision to endorse a $5 billion offer from News Corp. "Although I'm convinced that News Corp. offer is very generous in financial terms," he wrote in a letter to directors today, "I'm very worried that Dow Jones unique journalistic values will long-term strongly suffer after the proposed sale." Mr. von Holtzbrinck said his concerns were based on News Corp.'s business practices and the concerns raised by other shareholders, such as Jim Ottaway, who has been an outspoken critic of News Corp. chairman Rupert Murdoch. He also said that he didn't believe that a "special committee" on editorial independence would protect Dow Jones's journalistic integrity.
http://online.wsj.com/article/SB118479154947870694.html
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* Dow Jones Director Resigns Over Bid
http://www.washingtonpost.com/wp-dyn/content/article/2007/07/19/AR200707...

* News Corp, which gets most of its revenues from entertainment, is not a good home for Dow Jones, writes Jim Ottaway
http://www.ft.com/cms/s/18508fd8-3620-11dc-ad42-0000779fd2ac.html


Director Resigns Dow Jones Board In Protest Over News Corp. Deal