Murdoch: No DJ Sell-Offs or Layoffs
Dow Jones agreed to a $5.6 billion takeover by News Corp. on Wednesday, Aug. 1.
When asked by Inside Market Data about News Corp.'s plans for the Dow Jones Indexes and Dow Jones Newswires services for capital markets professionals, Murdoch responded that the non-retail indexes and newswires businesses are "very valuable assets," that the company intends to leverage as much as possible.
Murdoch did not provide specific details of how News Corp. will utilize and exploit the new business areas
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