But of course he will. I doubt Murdoch would have went through all the trouble without some knowledge his desire to eventually control all information was in the bag.

A right-leaning Supreme Court and a FOX News stranglehold on information… can you say “GAME OVER”?

Dow Jones board signs off on sale to Murdoch

$5 billion deal still needs to overcome Bancroft family opposition

Rupert Murdoch’s media empire News Corp. has reportedly reached a tentative agreement to buy Dow Jones & Co., the publisher of The Wall Street Journal.

NEW YORK - The fate of Dow Jones & Co. now rests with the Bancroft family, the company’s longtime controlling shareholders, who must decide whether to sell the publisher of The Wall Street Journal to Rupert Murdoch’s News Corp., a global media conglomerate that owns Twentieth Century Fox and the Fox News Channel.

The board of Dow Jones said late Tuesday it was ready to sign off on Murdoch’s proposal to buy the company for $5 billion. However, the key remains with the Bancroft family, whose three dozen members have been deeply divided over whether to sell to Murdoch. The are expected to meet Monday to discuss the deal.
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If the Bancrofts do sink the deal, it would surely result in a sharp drop in Dow Jones shares and the likelihood of shareholder lawsuits.
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Family members have been concerned about the potential of the Journal’s coverage to be affected by corporate interests, and they initially rebuffed Murdoch’s offer, only to reconsider later. They insisted on, and received, a commitment to create an oversight board which must approve the hiring or firing of top editors at the Journal.

MSNBC.com