More Fallout From the Fox Street Journal

Dow Jones’s Bancroft Family Rejects Murdoch’s Offer:
Dow Jones & Co. said Bancroft family members who control more than 50 percent of the company’s voting shares will reject a $5 billion takeover bid by Rupert Murdoch’s News Corp.

This still doesn’t mean it’s over. Murdoch could sweeten the offer and there may be offers from other media companies like the New York Times or the Washington Post Co. Even Google has been mentioned in speculation. This could drag on for a while.

IAPE/Communications Workers of America Oppose News Corp. Bid:
Mr. Murdoch has shown a willingness to crush quality and independence, and there is no reason to think he would handle Dow Jones or The Journal any differently.

Ben H. Bagdikian, author and former journalism dean, UC Berkeley:
If Murdoch gets control of the Wall Street Journal and Dow Jones and if he follows the pattern of his past acquisitions, he will use the Wall Street Journal to serve his own purposes, financial and political.