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Dow Jones, Union Close to Contract Deal: Report

Dow Jones and its main labor union are close to a contract agreement for reporters and other employees at The Wall Street Journal and Dow Jones Newswires, the New York Times reported on its Web site on Friday, citing union officials.

The board of the union, the Independent Association of Publishers' Employees, may be ready soon to endorse a deal and schedule a vote by the membership, the report said.

The union represents about 2,000 Dow Jones employees, who have been without a contract since January, the report said.

"We had another bargaining meeting yesterday, and things got close," the paper quoted E.S. Browning, a Journal reporter who heads the union's bargaining committee, as saying.

Union officials and Dow Jones were not immediately available for comment.

Earlier this year, News Corp. sealed a $5.6 billion deal to buy Dow Jones.