"The Bancroft family has accepted," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters on Tuesday in Chicago. Dow Jones "will be part of News Corp," he said.

This is really unfortunate. While the Journal's editorial page was always in fantasy land, the main section was about as good as they come. With Murdoch running the show, the #1 financial paper just became Financial Times (that funny orange newspaper). The Wall Street Titanic just ran into iceberg Fox.

Bancroft family accepts News deal - DJ executive�|�Technology, Media & Telecommunications�|�Reuters.co.uk