Dow Jones Looks to Burkle for Bid

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Board members of Dow Jones & Company plan to meet today with Ronald W. Burkle, the California billionaire, as they continue to hunt for alternatives to a takeover by Rupert Murdoch’s News Corporation, people close to the board said yesterday, the New York Times reports.


The effort to find another bidder has been pushed by some members of the Bancroft family, owners of a controlling interest in Dow Jones, especially Leslie Hill, who is also a Dow Jones board member, said these people, who were granted anonymity because they were not authorized to discuss the negotiations.


They said that Ms. Hill and some family members who have spoken out dislike News Corporation, which they see as a purveyor of sensationalism and partisanship. They have also been frustrated that no other potential buyer has materialized, these people said.


Mr. Burkle is set to meet with a special committee of the Dow Jones board that has been handling talks with News Corporation. But the people close to the board described the session as probably not significant, because they believe Mr. Burkle does not have an offer to put on the table.


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