Bancroft family member: This is why I voted against Journal sale

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 resignation.

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 Journalsays, figuratively, “I told you so” over managing editor Marcus Brauchli's resignation.

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 glare:

The CBS Evening News records its worst five-day run ever.

Larry King sings a new contract with CNN, but it doesn't guarantee him the coveted 9pm slot.

The Los Angeles Times names a new executive editor and managing editor.

BusinessWeek names an engagement editor.

McClatchy reports a first-quarter loss.

Chicago's Tribune and Sun-Times join forces to fight R. Kelly case secrecy.

Tribune Co. ends its $100-a-month fine on employees who smoke.

Self-proclaimed “big shot” Boston news producer put on leave after arrest.

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