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Dow Jones board members seek alternate bid

Published on .

New York—Board members of Dow Jones & Co. were to meet with California billionaire Ronald Burkle in their search for an alternative bid to the proposed takeover by Rupert Murdoch’s News Corp., according to a report Monday in The New York Times. A special committee of the Dow Jones board will meet Monday with Burkle, founder and managing partner of private equity firm Yucaipa Cos., according to people close to the board. Yucaipa, which last year failed in its bid to buy a dozen Knight Ridder newspapers, has not made an offer for Dow Jones, according to the report. Also last year, Burkle made a bid for the Tribune Co.; it also failed. The effort to find another buyer for Dow Jones has been pursued by some members of the Bancroft family, which owns a controlling interest in Dow Jones.
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