A Fox in the Henhouse
This heartbreaking scenario came a step closer to reality last week with the news that Dow Jones' board of directors had voted in favor of a $60-per share acquisition by Rupert Murdoch's News Corporation, and would recommend the deal to shareholders.
The board's approval means that the decision on whether or not to sell the company now rests in the hands of the Bancroft family, whose legacy stems from the 1903 purchase of Dow Jones for $130,000 by Charles W. Barron, the founder of Barron's
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