Financial Times FT.com

Bancroft family split on meeting Murdoch

By Joshua Chaffin in New York

Published: May 13 2007 22:04 | Last updated: May 13 2007 22:04

Some Bancroft family members want to meet Rupert Murdoch to discuss his $5bn offer for Dow Jones – but they face stiff opposition from relatives.

Mr Murdoch has been pressing for a meeting with the Bancrofts since they rejected his $60-per-share offer for the media company and its flagship Wall Street Journal nearly two weeks ago. The Bancrofts, with 64.2 per cent of Dow Jones’ Class B voting shares, represent the central obstacle between Mr Murdoch and one of the most influential media companies.

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