Murdoch’s Arrival Worries Journal Employees

MURDOCH'S ARRIVAL WORRIES JOURNAL EMPLOYEES
[SOURCE: New York Times, AUTHOR: Richard Perez-Pena]
For employees at Dow Jones, the 11 weeks since they learned of the Murdoch offer have been a wrenching time, raising the prospect of fundamental changes at an organization that had already had its fill of big changes in the last couple of years. So a possible takeover by the News Corporation — the deal is now in the hands of the Bancroft family after the offer received board approval — has placed an unusual strain on the company and its employees. Tensions have risen between The Journal’s newsroom and management. Journalists are also facing two futures they never expected when they signed on to jobs they saw more as a mission, not a business — the uncertainty of what Mr. Murdoch would do as an owner, or the uncertainty of a suddenly harsh advertising climate that could lead to deep job cuts.
http://www.nytimes.com/2007/07/19/business/media/19journal.html
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* For Bancrofts, Decision Time Is Near on Sale of Dow Jones
http://online.wsj.com/article/SB118480226761270718.html?mod=todays_us_page_one
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