Last updated: February 21, 2008 - 7:37am
MURDOCH IN KEY TALKS OVER DOW
[SOURCE: Financial Times, AUTHOR: Aline van Duyn and Joshua Chaffin]
Rupert Murdoch will meet members of the Bancroft family in New York on Monday in an effort to persuade the owners of The Wall Street Journal newspaper that he would continue its century-long tradition of quality journalism if they accept his $5 billion takeover offer. The meeting with Dow Jones -- the Journal’s parent company -- is a key moment in Mr Murdoch’s long-standing desire to acquire one of the world’s most influential and prestigious media companies. It follows a surprise announcement by the Bancrofts, who control 64 per cent of Dow Jones’s voting power, last Thursday that they would meet Mr Murdoch to discuss a possible sale in spite the family’s rejection of his offer in early May.
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