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It’s On! Rupe, DJ Agree On Editorial Safeguards

A Rupert Murdoch-owned Wall Street Journal creeps even closer to reality:

Dow Jones & Co. and News Corp. agreed broadly on measures to protect the editorial independence of The Wall Street Journal under ownership by Rupert Murdoch’s media conglomerate, clearing away a major hurdle in the way of a deal, a person familiar with the matter said Tuesday. Details of the agreement remained unclear, and any deal must still be approved by the full membership of Dow Jones’ controlling shareholders, the Bancroft family, who initially rejected Murdoch’s approach.

It’s so on.

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