Categories: OLD Media Moves

Dow Jones shareholders to vote on News Corp. deal on Dec. 13

Dow Jones & Co. shareholders will vote Dec. 13 to sell the parent company of The Wall Street Journal, Marketwatch and Barron’s to News Corp., according to an amended News Corp. S-4 filed Tuesday with the Securities and Exchange Commission.

The Bancroft family that controls Dow Jones has agreed to vote 37 percent of its stock in favor of the deal, which gaurantees that it will go through because its stock has extra voting rights.

The shareholders meeting will be held in the Grand Ballroom at the New York Marriott Financial Center, located at 85 West Street, in New York,Â at 10 a.m., according to the filing. The deal is expected to close soon after the annual meeting.

If you haven’t looked at the S-4, it includes the following:

1. Background to how the deal was negotiated.

2. The editorial independence agreement for the Journal.

3. Dow Jones internal financial forecasts.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.