Getting your player ready...
NEW YORK — Rupert Murdoch’s $5 billion-plus bid for Dow Jones & Co., publisher of The Wall Street Journal, cleared its final hurdle Thursday as shareholders gave their approval.
The changeover is sure to bring significant changes to The Journal, starting with a new management team announced last week. Longtime News Corp. publishing executive Les Hinton will be chief executive, while Robert Thomson, editor of Murdoch’s The Times newspaper in London, will be publisher. Several Dow Jones executives are departing, including CEO Richard Zannino.
About 78 percent of the firm’s publicly traded shares were voted for the deal; 54 percent of the Class B shares, largely held by the Bancrofts, approved.
