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	<title>Observer &#187; James Ottaway: “Disappointed” With the Bancroft Family</title>
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		<title>Observer &#187; James Ottaway: “Disappointed” With the Bancroft Family</title>
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		<title>James Ottaway: “Disappointed” With the Bancroft Family</title>

		<comments>http://observer.com/2007/06/james-ottaway-disappointed-with-the-bancroft-family/#comments</comments>
		<pubDate>Fri, 01 Jun 2007 16:59:50 -0400</pubDate>
					<link>http://observer.com/2007/06/james-ottaway-disappointed-with-the-bancroft-family/</link>
			<dc:creator>Michael Calderone</dc:creator>
				
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		<description><![CDATA[<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">James H. Ottaway Jr., whose family controls 6.2 percent  of Dow Jones voting stock, has been a persistent critic of Rupert Murdoch’s  public overtures during the past six weeks.</span></font></p>
<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">“I’m pleased that the Bancroft family is holding  together from selling Dow Jones to Rupert Murdoch,” Mr. Ottaway told <em>The Observer</em> in a May 25 phone interview. “I hope they continue to resist his charm  offensive.”</span></font></p>
<p><font face="Times New Roman" size="4"></font>But apparently, that charm offensive has partially  succeeded. Yesterday, the Bancroft family agreed to meet with the News Corp. chief.</p>
<p>Reached by phone today, Mr. Ottaway has not wavered in  his criticism.</p>
<p>“I do have the same position,” Mr. Ottaway said. “I’m  disappointed that the family is going to meet with Murdoch and am very skeptical  that it can write any agreement to guarantee the editorial independence of Dow  Jones—independence that Rupert Murdoch would  respect.”</p>
<p>As the former Dow Jones executive told <em>The Observer</em> last  week: “You can see that [Mr. Murdoch] has imprinted his personal interests—his  political biases—in his business interests.”</p>
<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">“He’s made promises before,” Mr. Ottaway said of the Dow Jones suitor. “He’ll say anything to buy something.”</span></font></p>
]]></description>
		<content:encoded><![CDATA[<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">James H. Ottaway Jr., whose family controls 6.2 percent  of Dow Jones voting stock, has been a persistent critic of Rupert Murdoch’s  public overtures during the past six weeks.</span></font></p>
<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">“I’m pleased that the Bancroft family is holding  together from selling Dow Jones to Rupert Murdoch,” Mr. Ottaway told <em>The Observer</em> in a May 25 phone interview. “I hope they continue to resist his charm  offensive.”</span></font></p>
<p><font face="Times New Roman" size="4"></font>But apparently, that charm offensive has partially  succeeded. Yesterday, the Bancroft family agreed to meet with the News Corp. chief.</p>
<p>Reached by phone today, Mr. Ottaway has not wavered in  his criticism.</p>
<p>“I do have the same position,” Mr. Ottaway said. “I’m  disappointed that the family is going to meet with Murdoch and am very skeptical  that it can write any agreement to guarantee the editorial independence of Dow  Jones—independence that Rupert Murdoch would  respect.”</p>
<p>As the former Dow Jones executive told <em>The Observer</em> last  week: “You can see that [Mr. Murdoch] has imprinted his personal interests—his  political biases—in his business interests.”</p>
<p><font face="Times New Roman" size="4"><span style="font-size: 14pt">“He’s made promises before,” Mr. Ottaway said of the Dow Jones suitor. “He’ll say anything to buy something.”</span></font></p>
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