What You Should Have Read, July 12, 2007

Rupert Murdoch Losing Patience With Bancroft Family

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Murdoch Frustrated By Dow Jones Talks
When the Associated Press caught up with News Corp. Chairman Rupert Murdoch at Herb Allen's Sun Valley, Idaho, media retreat, he expressed frustration with the state of his talks with Dow Jones & Co., saying it's unclear where the company's controlling shareholders stand. Murdoch has offered $5 billion for the publisher of The Wall Street Journal but has been entangled for several weeks in negotiations with the Bancroft family, largely over their concerns about safeguards for the Journal's editorial independence and integrity. "They keep changing their minds," Murdoch said.

Sun Valley 2007: The Blog
The New York Times' David Carr is still stalking media moguls attending Herb Allen's annual retreat in Sun Valley, reporting on an intriguing lunchtime sit-down between Rupert Murdoch's family and CNN's Anderson Cooper. Also lunching together were Time Warner's Richard Parsons and Jeffrey Bewkes, ex-Yahooer Terry Semel, and former Viacom head Tom Freston. Carr also notes that NYC Mayor Michael Bloomberg wore shorts.
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