News Corp. Chairman-CEO Rupert Murdoch in April offered to buy Dow Jones for $60 a share, a 67% premium on the company’s stock price before the offer became public.
In addition to the flagship Journal, Dow Jones owns Barron’s, MarketWatch.com and WSJ.com. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Client Solutions and Factiva.
Last week Dow Jones reported a 27% drop in second-quarter earnings on stock compensation and restructuring charges. Revenue grew 16% to $529.7 million.