Dow Jones board takes over

It will now direct talks on the future of the company, a move that could mean an expedited deal with Rupert Murdoch's News Corp. But here's the kicker: It was approved by the the four board members affiliated with the Bancrofts, the family that has voting control over DJ. Family members have been working with Murdoch - and each other - on a silly and meaningless proposal to safeguard the editorial independence of Dow Jones (and the WSJ), but there's no resolution in sight and the board might have felt that the deal - any deal - was slipping away. Whatever happened to the White Knight Ron Burkle? (LABO, WSJ)


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: Sneaky Dow loses 146

Next story: KCRW's Web of silence

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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