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?


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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.