Murdoch clinches deal for publisher of Journal

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MSNBC Reports:

Media baron Rupert Murdoch Tuesday clinched a $5 billion deal to take over the publisher of The Wall Street Journal, achieving his long-treasured goal of adding the esteemed business newspaper to his global stable of properties.

The board of Murdoch’s News Corp. approved the deal Tuesday evening, according to a person with knowledge of the negotiations.

The board of Dow Jones & Co. was meeting Tuesday evening to give final consideration to the deal, but there was no word on a decision yet, and a company spokeswoman declined to comment.

http://www.msnbc.msn.com/id/20032918/