Wall Street Journal
Christopher Bancroft has spent recent weeks approaching hedge funds, private-equity firms and others in a quest to buy enough voting shares of Dow Jones to give him the power to torpedo a sale to
Rupert Murdoch, according to Journal reporters. A Bancroft associate admits the effort is "a real long shot."
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David Warsh: "With the old WSJ gone, US media will realign. The Washington Post and The New York Times will take on additional responsibilities. Old voices, including the Chicago Tribune and perhaps even the Los Angeles Times and The Boston Globe, will revive."
(Economic Principals)
