News Corp. to offer board seat to Bancrofts

NEWS CORP TO OFFER BOARD SEAT TO BANCROFTS
[SOURCE: Reuters]
Media conglomerate News Corp. said on Monday it will offer members of Dow Jones & Co. Inc.'s controlling family, the Bancrofts, a seat on News Corp.'s board if they approve a $5 billion buyout offer. In a letter sent to members of the family on Friday, News Corp. Chief Executive Rupert Murdoch promised to preserve the journalistic integrity of Dow Jones' flagship newspaper, The Wall Street Journal, and said he would establish an editorial board to oversee the news pages. Murdoch also said he would retain current management.
http://today.reuters.com/news/newsArticle.aspx?type=industryNews&storyID...

* 'WSJ' Report: Murdoch Offers Board Seat to Bancrofts in Bid for Dow Jones
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_con...

* In Letter, Murdoch Offers a Seat On Board to Dow Jones Owners
http://www.washingtonpost.com/wp-dyn/content/article/2007/05/14/AR200705...

* Murdoch: 'Journal' would be untouched
http://www.usatoday.com/printedition/money/20070515/2b_dowjones15.art.htm

* Dow Jones bid is defended by Murdoch
http://www.latimes.com/business/printedition/la-fi-dowjones15may15,1,310...

* Wall Street Journal's Pulitzer Prize-Winning China Reporters Write Letter Blasting Murdoch Takeover Bid
The paper's China-based reporters -- whose coverage won a Pulitzer this year -- have now sent a powerful letter to three key members of the Bancroft family, the Dow Jones Company's controlling shareholder. The letter -- to family members Leslie Hill, Elizabeth Steele and Christopher Bancroft, and to trustee Michael Elefante, all of whom are on Dow Jones' board -- warns that Murdoch could use the Journal as a tool to advance his business interests in China.
http://www.talkingpointsmemo.com/horsesmouth/2007/05/wall_street_jou.php