Jeff Bercovici of Conde Nast Portfolio got in touch with Jane Cox MacElree, a Bancroft family member who controlled 15 percent of the Dow Jones & Co. stock and opposed the sale of The Wall Street Journal parent to Rupert Murdoch, and asked her about the departure of Journal ME Marcus Brauchli.
Bercovici writes, “‘How long did it last? A couple of months?’ asks MacElree.
“Asked whether other members of her family now regret their decision to sell, she demurs. ‘I’m not going to go there. I shouldn’t even talk to you.’
“‘It’s over and done with, and there’s no point in going on about it, in my opinion,’ she adds. ‘I just feel bad for Marcus.'”
Read more here. Robert MacMillan of Reuters, who worked briefly at The Journal, got a similar response when he talked to Bancroft family member Chris Bancroft. Read here.
