Fortune senior editor at large Allan Sloan writes Tuesday in The Washington Post that the Bancroft family that supposedly prized the journalism integrity of The Wall Street Journal gave up on the paper when they started selling stock in the parent company, Dow Jones & Co., years ago.
“Heaven forfend that the Bancrofts would be so tacky. In fact, the pitch for entrenching the family, presented in Dow Jones’s 1984 proxy statement, was to ‘provide better assurance that in the years ahead the company and its publications will continue to operate under the same quasi-public trust philosophy that the family has followed since Clarence Barron acquired the company in 1902.’
“Oh, well. By the time the endgame was playing out, various Bancrofts had long since given up on journalistic principle and were just trying to extract a better deal for themselves than the $60 a share that Murdoch was offering other shareholders.”
Read more here.
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…
Members of the CoinDesk editorial team have sent a letter to the CEO of its…