Dow Jones, Murdoch Merge in $5.8B Deal

The boards of directors of Dow Jones & Co. and Rupert Murdoch's News Corp. agreed late last night to merge, allowing the mogul to add the Wall Street Journal to his global media and entertainment holdings. --- "Given the Bancrofts's long and distinguished history as custodians of Dow Jones, we appreciate how difficult this decision was for some family members," Murdoch said in a statement released at 2:30 a.m. today. "I want to offer the Bancrofts my thanks and an assurance that our company and my family will be equally strong custodians."