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Politics : View from the Center and Left

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From: Paul Kern	5/21/2007 8:57:25 AM
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Murdoch, News Corp. Prepare to Abandon Dow Jones Bid, Pali Says By Ted Bunker May 21 (Bloomberg) -- Rupert Murdoch's News Corp. may be preparing to walk away from a $5 billion bid for Dow Jones & Co. after trying without success to win support from the Bancroft family, which controls the publisher of the Wall Street Journal. News Corp. ``is increasingly frustrated'' with the failure of family members to respond to overtures by Murdoch, Pali Research analyst Richard Greenfield wrote today in a note to investors. Directors of New York-based Dow Jones took no action on the bid after Bancroft family members said a majority of their shareholder votes would reject the offer of $60 a share. To contact the reporter on this story: Ted Bunker in Boston at tbunker1@Bloomberg.net . Last Updated: May 21, 2007 08:24 EDT

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