(Reuters) - The Bancroft family that controls Dow Jones & Co. has been criticized a lot in recent years for not investing enough in one of the world's great media brand names and for picking managers who pursued failed strategies.
But Wall Street cheered on Friday when the Bancrofts suddenly said they would consider a $5 billion bid by Rupert Murdoch's News Corp. for the publisher of the Wall Street Journal, after rejecting the proposal last month.
Read more at Reuters Africa
But Wall Street cheered on Friday when the Bancrofts suddenly said they would consider a $5 billion bid by Rupert Murdoch's News Corp. for the publisher of the Wall Street Journal, after rejecting the proposal last month.
Read more at Reuters Africa
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