One previously undecided member of the Bancroft family, who votes about 15 percent of Dow Jones shares, has come out against a deal to sell the company to Rupert Murdoch's News Corp., The Wall Street Journal reports.
Jane Cox MacElree, whose daughter, Leslie Hill, brought Brad Greenspan and Ron Burkle's counterproposal before the Read More
The News Corp. chief, according to the Associated Press, appeared "frustrated" with the Bancrofts:
"They keep changing their minds," Murdoch told The Associated Press in Sun Valley, Idaho, during a conference of top media executives hosted by investment banker Herbert Allen. Murdoch is a regular guest at the conference, which has become a landmark event Read More
On Tuesday afternoon, Steve Yount, president of Local 1096, the union that represents Dow Jones employees, dined at the Waldorf in midtown Manhattan with Brad Greenspan, the founder of MySpace.
Over lunch, they talked about Mr. Greenspan’s potential interest in buying Dow Jones. The meeting lasted several hours. Along Read More