Bancroft tally due today


We should find out today how the various factions of the Bancroft family feel about the idea of selling Dow Jones & Company, including the Wall Street Journal, to News Corporation and Rupert Murdoch. The WSJ reported considerable lobbying within the far-flung family which controls 64% of the voting power of Dow Jones. One Bancroft cousin who backs the sale sent around a long letter calling for a "reality check" on what would happen to the company if it is not sold. It is believed that support from about half of the Bancroft shares are needed for the News Corporation bid of five billion bucks to win acceptance in a vote by all Dow Jones shareholders.