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Post details: Bancrofts Approve Murdoch's Bid

07/31/07

Permalink 08:37:35 pm, Category: Ramblings, Featured Advice, News, 113 words. Post by Patrick Diogenia

Bancrofts Approve Murdoch's Bid

This is a follow-up report. See the original story here.

Big Daddy Bancroft should have been cryogenically frozen so he could come back to life and engage in a cane battle with Rupert Murdoch. Ad Age reported this morning that a deciding majority of the living Bancrofts (38%) voted to approve Murdoch's $5 billion bid to acquire the company they founded, Dow Jones.

Jones is parent of the Wall Street Journal, Barron's and other financial news properties that WSJ's editorial team widely believes will suffer as a result of the News Corp. Chairman's control.

Stay tuned for further updates, but I suggest you open a subscription to the Financial Times now to beat the rush.

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