Categories: OLD Media Moves

Bancrofts still split; decision by Friday

Jesse Noyes of the Boston Herald writes Tuesday that the Bancroft family remains divided over whether to sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. for $5 billion.

Noyes wrote, “A decision on the future of Dow Jones & Co. and its flagship Wall Street Journal could come by Friday, Christopher Bancroft, a senior member of the family that controls the publishing empire said in Boston yesterday.

“‘We’re still undecided,’ Bancroft said. ‘Everyone has to decide for himself.’

“Christopher Bancroft made his comments as he departed the Hilton Hotel in Boston, where members of the Bancroft family gathered to mull over a potential blockbuster sale of Dow Jones to media mogul Rupert Murdochâ€™s News Corp.

“The family had a very productive meeting and now have all the information they need to make a good decision on the News Corp. offer,’ Hemenway & Barnes lawyer Michael Elefante told reporters outside a hotel where the family was meeting.”

Read more here.Â

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.