Brad Greenspan
Key Bancroft Now Opposes Dow Jones Deal; Greenspan Offer Still on the Table
One previously undecided member of the Bancroft family, who votes about 15 percent of Dow Jones shares, has come out against a deal to sell the company to Rupert Murdoch's News Corp., The Wall Street Journal reports.
Jane Cox MacElree, whose daughter, Leslie Hill, brought Brad Greenspan and Ron Burkle's counterproposal before the board of directors of the company, is said to have stated her position during family meetings begun in Boston yesterday. read more »
Murdoch Says Bancrofts 'Keep Changing Their Minds'
The News Corp. chief, according to the Associated Press, appeared "frustrated" with the Bancrofts:
"They keep changing their minds," Murdoch told The Associated Press in Sun Valley, Idaho, during a conference of top media executives hosted by investment banker Herbert Allen. Murdoch is a regular guest at the conference, which has become a landmark event for media power players since the early 1980s.
(AP via Forbes)
Little Ship of Bitterness Sidles Up To H.M.S. Murdoch
On Tuesday afternoon, Steve Yount, president of Local 1096, the union that represents Dow Jones employees, dined at the Waldorf in midtown Manhattan with Brad Greenspan, the founder of MySpace. read more »
