"NEW YORK (CNNMoney.com) -- The Bancroft family, which has a controlling
interest in the parent company of The Wall Street Journal, said it would meet
with News Corp. to discuss its $5 billion buyout offer for Dow Jones, the
paper's online site reported Thursday.
Citing a statement issued by the
Bancroft family, the Journal reported that the family plans to meet with News
Corp. (Charts, Fortune 500) to see if 'it will be possible to ensure the level
of commitment to editorial independence, integrity and journalistic freedom that
is the hallmark of Dow Jones.'"
It has been widely believed that a sale of the paper by the family to Murdoch was out of the question. It had been assumed that not on the basis of money, but on the basis of who Murdoch was the sale would be turned down. With the parties meeting it raises the question of if the sale may go through after all. Murdoch would love to get the company to assist him in launching his own business news network.
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