What You Should Have Read, June 4, 2007

Murdoch Isn't Willing to Let Bancrofts Control Editorial Oversight Board

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Murdoch May Make Concessions, Up to a Limit, in Dow Jones Talks
The Wall Street Journal reports on itself on the day of a much-anticipated meeting between News Corp. Chairman CEO Rupert Murdoch, his son James Murdoch, and members of the Bancroft family who will decide whether to accept Mr. Murdoch's offer to acquire Dow Jones. A major point of contention, however, is Mr. Murdoch's refusal to agree to let the Bancroft's maintain editorial control if he were to buy. "I can't put down $5 billion of my shareholders' money and not be able to run the business," Mr. Murdoch said.
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