Murdoch to Meet with Bancroft Family Over Buying Wall Street Journal
In media news, Rupert Murdoch is scheduled to meet today with the Bancroft family to discuss his interest in buying the Wall Street Journal and its parent company, Dow Jones.
The Observer newspaper of London reports some reporters at the Journal may stage a walk-out if Murdoch buys the paper.
Murdoch's News Corp. is already one of the world's largest media companies. Its holdings include the TV network Fox, the book publisher Harper Collins, the New York Post, Myspace.com, the Weekly Standard and scores of other media companies.
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