JO:I am saying privately to many of the Bancrofts, and would say publicly: We should not sell Dow Jones and Ottaway Newspapers to Rupert Murdoch. If some of the family members want to sell their Dow Jones shares, let us find a way to buy them out that is not damaging to Dow Jones and its reputation for absolute integrity in reporting and analyzing global business news. Let us find new investors to help us build the company, and not sell it to a company like News Corp, whose core business is entertainment, and whose newspapers are either tabloid fluff or weapons to enhance the business and political interests of Rupert Murdoch.
1. Losing out to General Electric Co. in the 1991 sale of Financial News Network, which became CNBC.
2. A financial-data provider DJ bought in stages in the late 1980s, written down in 1997 and eventually sold at losses exceeding $1 billion.
3. , A partner at law firm Holme Roberts & Owen LLP in Denver serves as trustee for at least one of the Bancroft family trusts.
4. For a full breakdowns of shares and ownership, click here.
5. The former chief of the parent of networking site Myspace sent a letter to DJ’s board offering to buy about 25% of the common shares at $60 a share.