We suspect the Financial Times has an advantage covering the Bancrofts–maybe everyone went to the same schools, or something–but the Peach One has been doing a good job on the comings and goings of the controlling family of The Wall Street Journal‘s parent, Dow Jones & Co. The family must decide whether to sell the company to News Corp. or continue to hold the shares while collecting out-sized dividends. If the goal is upholding journalistic standards, The Audit says: Don’t do us any favors, old beans. You’ve done quite enough, really. How about selling to a patient investor who doesn’t need income now and knows, as Murdoch clearly does, what the Journal’s going to be worth in five or ten years?
Dean Starkman , CJR’s Kingsford Capital Fellow, runs The Audit, CJR.org’s business desk. Megan McGinley, a CJR intern, and Elinore Longobardi, an Audit staff writer, provided research. This story and the two following were supported with a grant from the Investigative Fund of The Nation Institute, for which we are deeply grateful.
the kicker
