OLD Media Moves

Milk the cow before it gets out the barn door

August 6, 2007

Posted by Chris Roush

The New York Post is reporting Monday the following brief:

“Just prior to the Bancroft family’s approval of selling Dow Jones to News Corp., the family doubled the dividend it takes from the company, filings said. Instead of its usual 25-cent per share quarterly dividend, the board voted to boost it to 50 cents, doubling its latest quarterly cash div idend to $10.3 million. News Corp. owns The Post.”

Read more here

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