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Dow Jones director Leslie Hill resigns from board
August 1, 2007 / 3:36 PM / 10 years ago

Dow Jones director Leslie Hill resigns from board

NEW YORK (Reuters) - Leslie Hill has resigned from the board of Dow Jones & Co. Inc. after an unsuccessful effort to prevent its $5.6 billion sale to Rupert Murdoch’s News Corp.

Hill’s letter of resignation, dated July 31, was submitted on Wednesday in a filing with the U.S. Securities and Exchange Commission.

Dow Jones signed a definitive merger agreement with News Corp. after Dow Jones’ controlling Bancroft family agreed to use more than one-half of their voting shares to support the deal.

Hill, a member of the family, had sought other buyers to counter News Corp.’s bid.

“Regrettably, my inability to any longer protect what this brand has stood for means I herewith resign from the Board of Dow Jones,” Hill said in her letter.

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