Friday, July 27, 2007

Bancrofts Could Be Looking To Uphold Integrity of Wall Street Journal By Trying To Squeeze More Bucks Out of Murdoch

Which Ol' Rupe Says Is A Non-Starter; Could Be A Case of Seller's Remorse

Wall Street Journal says a bunch of the Bancrofts are turning thumbs-down, for now, on the News Corp. attempted $5 billion grab of Dow Jones and the WSJ.
Could be beginning of a way to weasel out of deal without ticking off too many DJ shareholders, and mollify cousins who want to keep the franchise in family hands.
Then again, it could just be a game of financial chicken, now that Murdoch has been salivating over getting his hands on the Journal.
Stay tuned.

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