Steven Yount, the president of the union that represents business journalists at Dow Jones & Co. operations such as The Wall Street Journal and Marketwatch, issued a statement expressing displeasure with the deal to sell the company to News Corp.
Yount stated, “IAPE is disappointed with the apparent decision by key Bancroft family members to support the sale of Dow Jones & Company to News Corp.
“At the same time, no matter who owns Dow Jones going forward, IAPEÂ members — over two thousand strong — will continue to band together to fight for their interests. That includes negotiating a quality collective bargaining agreement.
“We were heartened that several prominent Bancroft family members remain opposed to the sale on the grounds that it will irreparably damage the quality and independence of The Wall Street Journal and all Dow Jones publications. We hope their courage, and their commitment to news gathering independence, will impress upon Dow Jones’ new owners that the success of our products has always been based on a foundation of integrity and trust.”