Dow Jones (NYSE: DJ) CEO Rich Zannino reached out to his staff after the late-night agreement to merge with News Corp. You can read the full text here. Zannino, who some family members felt championed the $60 per share deal, writes about how well the company is doing in its present state and how much progress has been made in the last 18 months. But, he stresses, “a deal with News Corp. will further accelerate this performance ... News Corp. has the money – and the intention – to invest in our businesses on a scale we can’t.”

He expects closing the deal to take about three months: “We can’t begin to predict the details of the integration to follow. In this interim, we’ll do our best to keep you informed. We’ll try in particular to advise as soon as possible of any developments that might affect you directly.”

For our full and continuing coverage of News Corp buying Dow Jones, read our dedicated section here.