Opposition Grows to Murdoch's Bid for Dow Jones

Two members of the Ottaway family, a minority shareholder in Dow Jones, said a takeover by Rupert Murdoch's News Corp. would ruin the company's crown jewel, The Wall Street Journal.

Copyright © 2007 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


NPR's business news starts with opposition to Murdoch's bid for Dow Jones.

(Soundbite of music)

INSKEEP: Two members of the Ottaway family say a takeover by Rupert Murdoch's News Corporation would ruin The Wall Street Journal. The Ottaways matter because they own a minority stake in the Journal's owner, Dow Jones. The executives released sharply worded statements yesterday, accusing Murdoch of putting business interest and political bias before editorial principle.

Their opposition means that now at least 57 percent of company shareholders oppose Murdoch's $5 billion offer.

Copyright © 2007 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.