Big Dow Jones shareholder opposes sale
By TIMES WIRES
Published May 7, 2007
Rupert Murdoch's bid for Dow Jones & Co. ran into more resistance Sunday as a large Dow Jones shareholder said he strongly opposes News Corp.'s bid to take over the financial news publisher, which owns the Wall Street Journal. Jim Ottaway Jr., a former Dow Jones board member, said in a statement posted on the Journal's Web site that a Murdoch takeover would lead to the "loss of the independence and integrity of a leading national editorial voice." The opposition of Ottaway, whose family controls about 6.2 percent of Dow Jones' supervoting shares, would make it tougher for Murdoch to gain control of Dow Jones.
National parks set to raise prices
Entrance fees are due to rise at many national parks over the next three summers, though a public outcry over specific increases could cause the government to reconsider. By this summer, higher entrance fees will be in effect at 11 parks:
- Muir Woods in California
- Black Canyon of the Gunnison and Mesa Verde, both in Colorado
- Fort McHenry in Maryland
- Martin Van Buren in New York
- Big Bend and Guadalupe Mountains, both in Texas
- Bryce Canyon, Cedar Breaks and Zion, all in Utah
- Colonial in Virginia.
Paul Smiths, N.Y.: Police found the bodies of two college students who died after falling into an Adirondack lake. The men were among six thrown into Lower St. Regis Lake late Friday after two canoes and a power boat capsized.