Dow Jones union seeks Burkle, Buffett aid on Murdoch bid |
| USA Today - Jun 6, 2007 |
Dow Jones' union enlisted billionaire Ron Burkle to explore alternatives to Rupert Murdoch's $5 billion bid in an effort to secure the editorial independence of The Wall Street Journal.
Burkle's Yucaipa Cos. agreed to advise the union, spokesman Frank Quintero said Tuesday. Berkshire Hathaway Chairman Warren Buffett was also among the investors approached by the Independent Association of Publishers' Employees, which represents 2,000 employees of Dow Jones.
The union stepped up efforts to block a sale to Murdoch, a day after the Bancroft family met with him. The Bancrofts, who control 64% of Dow Jones and had initially rejected the offer, described the meeting Monday as "constructive." They had no immediate comment Tuesday on Burkle's involvement, family spokesman Roy Winnick said.
Read Full Article from USA Today
- Posted: 2007-06-06 09:22:59
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