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Opposition Grows to Murdoch's Bid for Dow Jones

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Opposition Grows to Murdoch's Bid for Dow Jones

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Opposition Grows to Murdoch's Bid for Dow Jones

Opposition Grows to Murdoch's Bid for Dow Jones

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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.

STEVE INSKEEP, host:

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.

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