This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6710633.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Dow Jones family to consider sale | Dow Jones family to consider sale |
| (about 5 hours later) | |
| The family that controls the Dow Jones media group has said for the first time that it will consider selling the firm to Rupert Murdoch's News Corporation. | The family that controls the Dow Jones media group has said for the first time that it will consider selling the firm to Rupert Murdoch's News Corporation. |
| The Bancroft family, which controls 64% of Dow Jones' voting rights, said it would also look at any forthcoming rival offers. | The Bancroft family, which controls 64% of Dow Jones' voting rights, said it would also look at any forthcoming rival offers. |
| News Corporation made its $5bn (£2.5bn) bid at the start of May, but the Bancrofts have not commented until now. | News Corporation made its $5bn (£2.5bn) bid at the start of May, but the Bancrofts have not commented until now. |
| Dow Jones owns the Wall Street Journal and other newspaper titles. | Dow Jones owns the Wall Street Journal and other newspaper titles. |
| 'Collaboration' | 'Collaboration' |
| "The family has reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organisation, which may include News Corporation," the Bancrofts said in a statement. | "The family has reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organisation, which may include News Corporation," the Bancrofts said in a statement. |
| With the family said to have been originally concerned about the ongoing reputation of the Wall Street Journal, they added that they would meet Mr Murdoch to see if they can find a way to protect its editorial independence after any sale. | |
| Analysts are divided over whether a rival bidder for Dow Jones may come forward. | Analysts are divided over whether a rival bidder for Dow Jones may come forward. |
| While some think it is likely, others say News Corporation's offer price is too high for others to better. | While some think it is likely, others say News Corporation's offer price is too high for others to better. |
| The main US share index is named after the Dow Jones company. | The main US share index is named after the Dow Jones company. |