Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, May 24, 2007

Dow Jones Director States Opposition to Murdoch Bid

There hasn't been much to report about Rupert Murdoch's bid for Dow Jones lately.  A branch of the Bancroft family (the controlling shareholders, in case anyone has forgotten) called a family meeting for Wednesday to discuss options, but many did not attend.  One of the non-attendees, Christopher Bancroft, who is a Dow Jones director and a trustee of one of the family trusts, made his first public statement about the bid, saying he opposes it because he fears loss of journalistic independence.  See WSJ, Key Dow Jones Holder Cites Opposition To Murdoch Bid.

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