While we know there are so reasons why the majority of the Bancroft family would agree to a takeover by Murdoch (the share price premium, it’s the market at work, etc.), the truth is that they have now stained the family name and legacy. Whenever the name Bancroft is mentioned, it will evoke already well-to-do individuals who have abandoned the public trust for narrow private gain.
Our thoughts are with the dedicated and serious journalism minded employees of Dow Jones. There’s life after Rupert–but it won’t be at the Wall Street Journal.