Dieter von Holtzbrinck, an heir to a German publishing empire, resigned from Dow Jones & Co.'s board of directors to protest the board's decision to endorse a $5 billion offer from News Corp.
"Although I'm convinced that News Corp. offer is very generous in financial terms," he wrote in a letter to directors Thursday, "I'm very worried that Dow Jones unique journalistic values will long-term strongly suffer after the proposed sale."
Mr. von Holtzbrinck abstained from a board vote endorsing News Corp. Chairman Rupert Murdoch's offer Tuesday evening, a vote that put the future of Dow Jones in the hands of the Bancroft family, who control 64% of the company's shareholder voting power. The vote was otherwise unanimous except for two of the four board members representing the family, but the family is divided on the News Corp. offer.....
We already know what will happen when News Corp. takes over Dow Jones. Do you think that they'll add their political slant to whatever they own? You bet.>>> The White House says that they will decide in September if the surge has worked. When September comes, they'll say they need a few more months. It will go on and on and on........ Bush will not quit Iraq. Period.
