May 31, 2007
News Corp Bid 05.31.07
The Bancroft family has announced it is willing to meet with Rupert Murdoch and discuss his $5 billion bid for Dow Jones & Company. IAPE remains opposed to the News Corp. bid for Dow Jones. IAPE believes that any such take over will be a disservice to the readers who depend on the unquestioned integrity of Dow Jones and all of its publications.
The following is the IAPE statement released Thursday May 31, 2007.
"While we understand the Bancroft family may have an obligation to hear out potential opportunities, we urge them to stand firm and maintain their principled stand to maintain the integrity of The Wall Street Journal and all Dow Jones publications. We don't believe the promises Mr. Murdoch has made can be trusted. Dow Jones must remain an independent company if it is to prosper both as business and a journalistic enterprise. As the organization that represents over 2,000 Dow Jones employees, IAPE will do everything in its power to make sure that Dow Jones remains the independent, trusted source of information that has made it a success for over a century."
Steve Yount
President
IAPE CWA 1096