Dow takeover set to boost Murdoch's name: analyst

A media analyst say a proposed takeover of Dow Jones by Rupert Murdoch's News Corporation is looking strong.

The board of the US business media firm will recommend that its shareholders support a $5.7 billion buyout offer from News Corporation.

The deal still needs the support of the Bancroft family, which holds the controlling vote within Dow Jones.

Negotiations have stalled in the past amid concerns over the editorial independence of the Wall Street Journal, which is published by Dow Jones.

Analyst Peter Cox from Cox Media says Mr Murdoch always takes a very active role in the editorial interests of his publications.

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- Posted: 2007-07-18 09:58:50

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