Bancrofts Sink Murdoch Offer

That, at least, is most certainly the correct translation of a press release just put out by Dow Jones, Inc.

Here’s the full text of it:




NEW YORK (May 1, 2007) ¾ Dow Jones & Company (NYSE: DJ) said that a director who is a representative of the Bancroft family, Michael B. Elefante, has informed the Dow Jones Board of Directors that “members of the family and the trustees of trusts for their benefit have advised him that they will vote shares constituting slightly more than 50% of the outstanding voting power of Dow Jones as of April 30th excluding options against the proposal submitted by News Corporation to acquire all of the outstanding shares of Dow Jones common stock and Class B common stock for $60.00 per share.”

Dow Jones said its Board would factor this information into its evaluation.

Dow Jones & Company (NYSE: DJ; is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron’s, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Licensing Services, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides news content to CNBC and radio stations in the U.S.

Bancrofts Sink Murdoch Offer