Dow Jones shareholders officially approved the sale to Rupert Murdoch's News Corp. Murdoch, in a presentation to his staff, pledged to set an even "higher bar" for Dow Jones.
The New York Times reports that the News Corp. bought ads - “Free people/Free markets/Free thinking,” playing off the WSJ editorial page's guiding philosophy, “Free markets, free people.” - to appear in newspapers around the world Friday, “to trumpet the acquisition of Dow Jones.”
The Hollywood Reporter chronicles Murdoch's press query responses leading up to voting day, one of which regards the Financial Times' decision not to run the Dow Jones ad.
Skype VP of telecoms, Stefan Oberg, talks to BusinessWeek about how the company responded, and is responding, to the mess of 10,000 numbers being pulled. “Oberg said that Skype was ‘doing all we can to make sure it doesn't happen again' and had tried its best to contact the majority of affected customers personally, albeit with only a month's notice.”
According to the Wall Street Journal, FCC chairman Kevin Martin plans to move forward with a vote on relaxing media ownership rules, ignoring pressure from “a bipartisan group of senators” to delay the vote.
Walmart, Target, Safeway, and Wild Oats could face class-action consumer lawsuits arguing that Aurora Dairy milk, labeled “organic,” is deceivingly not organic.
There is buzz about whether Google will exercise its right, as an AOL investor, to force Time Warner to take AOL public or buy its AOL stock back.