News Corp., Dow Jones strike deal-report

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Jul 17 – Rupert Murdoch made major headway in his pursuit of a Dow Jones buyout Monday.According to reports Dow Jones’ CEO and other company officials tentatively approved Murdoch’s $5b offer. The deal still requires approval from both the Dow Jones board and the Bancroft family, which controls 64% of the company’s voting shares. The board is expected to vote Tuesday evening while a decision from the sharply divided Bancrofts reportedly may come next week. Jeanne Yurman reports from New York.