Tuesday, June 12, 2007
Bancrofts set out WSJ safeguards
Stephen Brook (MediaGuardian)
The Bancroft family, which controls Wall Street Journal owner Dow Jones, is to submit revised proposals for the newspaper's continued editorial independence to prospective buyer News Corporation.
If the proposals, which include a special board to safeguard editorial independence, are accepted by Rupert Murdoch's News Corporation then formal negotiations over a sale could begin, according to today's Wall Street Journal.
It was unclear if the revised proposals would close the gap between the two organisations over formal editorial safeguards for the WSJ.