Dow Jones & Company and News Corporation Set Election Deadline

Dow Jones & Company, Inc. (NYSE: DJ) and News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) today announced that the deadline under their merger agreement for Dow Jones stockholders to make an election to receive Newco Class B common units in exchange for Dow Jones shares held in certificated form is 5:00 p.m. New York City time, December 12, 2007. Each Dow Jones stockholder who is a record holder (other than a broker, dealer, bank or similar nominee holding shares on behalf of the beneficial owner(s)) of certificated Dow Jones shares, meaning the stockholder holds Dow Jones shares in certificated form directly and not through a broker, dealer, bank or similar nominee, may elect to exchange all or a portion of those Dow Jones shares for Class B common units of Newco, a direct subsidiary of News Corporation that will, after the merger, own all shares of Dow Jones, instead of receiving $60.00 in cash for each of those Dow Jones shares. Stockholders who do not properly make a unit election before the election deadline will receive in the merger $60.00 in cash for each of their Dow Jones shares. Stockholders interested in making a unit election are urged review the proxy statement/ prospectus and accompanying election form for a description of the steps that must be taken to properly make a unit election. Stockholders may contact Mellon Investor Services LLC, the exchange agent for the merger, at (800) 851-4228 with any questions regarding the procedures for making a unit election. ABOUT DOW JONES Dow Jones & Company (NYSE: DJ; dowjones.com) is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides news content to CNBC and radio stations in the U.S. ABOUT NEWS CORPORATION News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; newscorp.com) had total assets as of September 30, 2007 of approximately US$64 billion and total annual revenues of approximately US$30 billion. News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.