Bancroft family opposes sale of Dow Jones to Fox owner
Bancroft family opposes sale of Dow Jones - CNBC TV - MSNBC.com
The Bancroft family that holds a majority stake in Dow Jones, publisher of The Wall Street Journal, is opposing a $5 billion, all-cash offer from News Corp., the giant media company controlled by Rupert Murdoch.
Dow Jones Tuesday confirmed receiving News Corp.'s offer. But late in the day, Bancroft family trustee Michael Elefante indicated that more than 50 percent of the voting shares of Dow Jones would vote against the transaction.
Labels: Media
posted by Marc1A at 5/01/2007 07:56:00 PM
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