“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?