Dow Jones Director Resigns From Board Over News Corp. Deal

Dieter von Holtzbrinck, an heir to the von Holtzbrinck publishing empire, resigned from Dow Jones & Co's board of directors to protest the board's decision to endorse a $5 billion offer from News Corp.

"Although I'm convinced that News Corp. offer is very generous in financial terms," he wrote in a letter to directors today, "I'm very worried that Dow Jones unique journalistic values will long-term strongly suffer after the proposed sale."

Mr. von Holtzbrinck, who has been a Dow Jones director since 2001, abstained from a board vote endorsing Mr. Murdoch's offer Tuesday evening.

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