The Family will talk to Rupert

The Wall Street Journal reports:

Dow Jones & Co.'s 125-year history as an independent media company could be nearing an end.

The Bancroft family, which controls 64% of the company's voting power, said in a statement late yesterday that it would meet with Rupert Murdoch's News Corp. to discuss its $5 billion bid for Dow Jones, publisher of The Wall Street Journal. The family also said it would consider other bidders and options for the company.

The statement also noted that the Bancroft family has decided that 'the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corp'.

Danwei recently published a letter from most of the Journal's China journalists asking the Bancroft family to turn down Murdoch's bid (linked below).

Links and Sources
There are currently 1 Comments for The Family will talk to Rupert.

Comments on The Family will talk to Rupert

Do the deal. Bancroft's only stand to lose money if they turn down the offer and the downswing print is having will make them surely lose all their money fast.
Fox is overbidding so take the money while it is there and run. Fox needs the assets for the new business old folks need the money to do whatever the heck you desire. $5 billion is a ton of cash.

China Media Timeline
Major media events over the last three decades
Danwei Model Workers
The latest recommended blogs and new media
From 2008
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Culture and corporate propaganda in Soho Xiaobao (2007.11): Mid-2007 issues of Soho Xiaobao (SOHO小报), illustrating the complicated identity of in-house magazines run by real estate companies.
+ Internet executives complain about excessive Net censorship (2010.03): Internet executives complain about excessive Net censorship at an officially sanctioned meeting in Shenzhen.
+ Crowd-sourced cheating on the 2010 gaokao (2010.06): A student in Sichuan seeks help with the ancient Chinese section of this year's college entrance exam -- while the test is going on!
Danwei Archives