Shareholders yesterday approvedthe sale of the 125-year-old company and its flagship Wall Street Journal to Rupert Murdoch’s News Corp.
The vote, considered a formality,was approved by 60.2 per cent of Dow Jones’ total voting power, according tothe company. The results were announced at a final annual meeting held at aMarriott hotel across from Dow Jones’ lower Manhattan headquarters led by PeterMcPherson, the group’s chairman. The Financial Times reports that the proceedings were takenover by Evelyn Y. Davis, a shareholder activist who has made herself a regular,and often disruptive, presence at company meetings.
“I think it’s a great deal, but Ialso feel–like many people here–a little bit of sadness. It’s the end of anera,” Davis said.