The decision signals the end of an era for Dow Jones and the Bancroft family, an intensely private clan that for generations had allowed The Journal to operate independently and become one of the nation’s most prominent and trusted newspapers, even as its finances deteriorated.
Wonder when the NYTimes is going to start writing stories about how the Sulzberger family’s control over the NYTimes has worked out for shareholders? It’s without a hint of irony that the above quote was included in their coverage of News Corp’s acquisition of Dow Jones today.
Tags: WSJ, News Corp, Dow Jones, NYTimes
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