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31 July 2007

News Corp. board approves $5 billion deal to buy Dow Jones

7b848e0068d5f64c3c87e23a5a089da18a7 (AP Photo/Mark Lennihan)

Just moving this evening on the AP wire: this story from AP business writer Seth Sutel reporting that Rupert Murdoch is closer to his goal of owning Wall Street Journal publisher Dow Jones & Co. after the board of his News Corp. media conglomerate signed off on the $5 billion deal today.

-- Caryn Rousseau

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