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 Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014). Follow Dean on Twitter: @deanstarkman.