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Dec 13, 2007

Bancroft family expresses emotion over sale of Dow Jones

The vote that ended Dow Jones tenure today as an independent company, something it has been for 105 years, was emotional for some Bancroft family members, according to a report in Forbes.
Jane Cox MacElree the oldest surviving member of the Bancroft clan, teared up when asked about the sale.
"It's a very sad day," MacElree said. "Something that's been in your family for many generations--to see it end is very sad."
Other family members openly expressed their opinion about selling their company to Rupert Murdoch's News Corp.
"I'm sad about this. This is a moment that I did not wish for,'' Dow Jones director Christopher Bancroft said, before the meeting.
To read the full story from Forbes click here.

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