As Rupert Murdoch's News Corp. girds for a possible confrontation
with the Federal Communications Commission over its intended Newsday purchase,
a member of the Bancroft family – the clan that sold Murdoch The Wall Street Journal – says,
figuratively, “I told you so” over managing editor Marcus Brauchli's
Says Jane Cox MacElree, who controlled 15% of the group's share of Dow Jones stock: "I'm not surprised…This is why I was not in favor of selling the paper to that man. Words mean nothing to him, unless they're his."
Also in the media
The CBS Evening News
its worst five-day run ever.
The Los Angeles Times names
a new executive editor and managing editor.
BusinessWeek names an
a first-quarter loss.
Tribune Co. ends
its $100-a-month fine on employees who smoke.
Self-proclaimed “big shot”