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DJ, Murdoch agree - maybe

News Corp. has signed off on those editorial protections for Dow Jones, according to the WSJ, which presumably moves Rupert Murdoch one step closer to his prize catch. But still to be heard are members of the Bancroft family, which have a controlling stake in the company and will probably try to get a few more bucks from Murdoch. "Though the family has overcome some of its previous doubts about selling the company," the Journal reports, "the situation remains fluid, and some members continue to privately express resistance to a deal."


More by Mark Lacter:
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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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