transitive reduction algorithm: pseudocode?

The basic gist of the transitive reduction algorithm I used is

foreach x in graph.vertices
   foreach y in graph.vertices
      foreach z in graph.vertices
         delete edge xz if edges xy and yz exist

The transitive closure algorithm I used in the same script is very similar but the last line is

         add edge xz if edges xy and yz OR edge xz exist

Based on the reference provided by Alan Donovan, which says you should use the path matrix (which has a 1 if there is a path from node i to node j) instead of the adjacency matrix (which has a 1 only if there is an edge from node i to node j).

Some sample python code follows below to show the differences between the solutions

def prima(m, title=None):
    """ Prints a matrix to the terminal """
    if title:
        print title
    for row in m:
        print ', '.join([str(x) for x in row])
    print ''

def path(m):
    """ Returns a path matrix """
    p = [list(row) for row in m]
    n = len(p)
    for i in xrange(0, n):
        for j in xrange(0, n):
            if i == j:
                continue
            if p[j][i]:
                for k in xrange(0, n):
                    if p[j][k] == 0:
                        p[j][k] = p[i][k]
    return p

def hsu(m):
    """ Transforms a given directed acyclic graph into its minimal equivalent """
    n = len(m)
    for j in xrange(n):
        for i in xrange(n):
            if m[i][j]:
                for k in xrange(n):
                    if m[j][k]:
                        m[i][k] = 0

m = [   [0, 1, 1, 0, 0],
        [0, 0, 0, 0, 0],
        [0, 0, 0, 1, 1],
        [0, 0, 0, 0, 1],
        [0, 1, 0, 0, 0]]

prima(m, 'Original matrix')
hsu(m)
prima(m, 'After Hsu')

p = path(m)
prima(p, 'Path matrix')
hsu(p)
prima(p, 'After Hsu')

Output:

Adjacency matrix
0, 1, 1, 0, 0
0, 0, 0, 0, 0
0, 0, 0, 1, 1
0, 0, 0, 0, 1
0, 1, 0, 0, 0

After Hsu
0, 1, 1, 0, 0
0, 0, 0, 0, 0
0, 0, 0, 1, 0
0, 0, 0, 0, 1
0, 1, 0, 0, 0

Path matrix
0, 1, 1, 1, 1
0, 0, 0, 0, 0
0, 1, 0, 1, 1
0, 1, 0, 0, 1
0, 1, 0, 0, 0

After Hsu
0, 0, 1, 0, 0
0, 0, 0, 0, 0
0, 0, 0, 1, 0
0, 0, 0, 0, 1
0, 1, 0, 0, 0