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Feb 22, 2008

Natalie Bancroft, the 27-year-old newest member of Rupert Murdoch's board

A story in Portfolio's March issue takes a closer look at the only woman on Rupert Murdoch's board, a 27-year-old an aspiring opera singer and heiress to the Dow Jones fortune named Natalie Bancroft.
Murdoch picked Bancroft to join the News Corp. board in October after his company bought Dow Jones from her family for $5.6 billion. The Bancroft family had owned Dow Jones, which includes The Wall Street Journal, since 1928.
The story says the deal wasn't an easy one for the Bancroft family to agree on. They spent months debating before they sold Dow Jones. But they found comfort in Murdoch's offer to create a News Corp board position for a family member.
The Bancroft’s were sure this would help them stay involved with the business.
But Murdoch didn't interview the family's nominees for the seat. He gave the job to Natalie who had little history with involvement in Dow Jones and no business or journalism in her background.
Porfolio's story, "Lady Sings the News" by Sophia Banay takes a closer look at the new board member and talks to her about the future.
To read the story click here.

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