Categories: OLD Media Moves

Boston attorney will play key role with Bancrofts next week

Sacha Pfeiffer of The Boston Globe writes Friday that Boston attorney Michael Elefante, who represents the Bancroft family trusts that control Dow Jones & Co., will play a key role when the family meets next week to decide whether to sell the company to News Corp.

Pfeiffer wrote, “When the family members meet in Boston on Monday, Elefante will handle the delicate tasks of mediating among opposing factions and balancing the needs of current and future trust beneficiaries. The time and location of the gathering have not been made public.

“Monday’s meeting will be informational, according to a Bancroft family spokesperson. No vote will be held and no sale decision will be made. Participants will be briefed on the deal’s status and given an opportunity to air their opinions and ask questions.

“Once the meeting ends and family members have had several days to consider the proposal, Elefante will canvass the family members individually to determine whether they support the sale. He will then inform News Corp. and the Dow Jones board of the family’s level of support.”

Read more here.

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.

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