Bancroft Family Members Express Regrets at Selling Wall Street Journal to Murdoch

Richard Tofel, ProPublica:

“If I had known what I know now, I would have pushed harder against” the Murdoch bid, said Christopher Bancroft, a member of the family which controlled Dow Jones & Company, publishers of The Wall Street Journal. Bancroft said the breadth of allegations now on the public record “would have been more problematic for me. I probably would have held out.” Bancroft had sole voting control of a trust that represented 13 percent of Dow Jones shares in 2007 and served on the Dow Jones Board.

How in the world could anyone have suspected four years ago that Rupert Murdoch and News Corp. — the company behind Fox News — might not be stewards of journalistic integrity?

★ Wednesday, 13 July 2011