Tears for Slain Reporter at Murdoch Meeting

But it would take only a few to deliver the paper into Murdoch's hands
By Heather McPherson,  Newser User
Posted Jul 25, 2007 10:43 AM CDT
Barron's and The Wall Street Journal, both owned by Dow Jones, are shown, Monday, July 23, 2007 at a New York newsstand. Bancroft family members, who own controlling interest in Dow Jones, are meeting...   (Associated Press)
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(Newser) – Members of the controlling Bancroft family are at loggerheads over whether to sell the company to Rupert Murdoch, according to its jewel, the Wall Street Journal. At a meeting on Monday, some family members defended the deal while others insisted the move would compromise the storied paper—one family member wept as she recalled reporter Daniel Pearl's death at the hands of Islamic militants.

Scorekeepers are beginning to count votes, and analysts estimate that deal would go through with as little as 30% of the Bancroft's voting power behind it—possibly just a handful of shareholders. Meanwhile, swing votes abound among the Bancrofts, and several of the most outspoken on both sides have recently switched allegiances.