Commentary
The Bancrofts are supposed to use their control of the WSJ to veto buyouts, not to extract a huge premium. If Murdoch buys the paper, the Bancrofts should forfeit their windfall. By Peter Scheer In making his bid to buy Dow Jones, the parent company of the Wall Street Journal, media baron Rupert Murdoch’s crucial insight was that everyone has his (or her) price, even the thirty-five members of the Bancroft family who control ownership