Rival bid for Dow Jones may include family
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NEW YORK -- General Electric Co. and Pearson PLC may challenge News Corp.'s $5 billion bid for Dow Jones &amp; Co. with a plan that could let Dow Jones's controlling family to keep an interest in the company, the Financial Times and The Wall Street Journal reported on their websites yesterday.
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By JERRY KRONENBERG  Two new parties interested in potentially countering Rupert Murdoch's $5 billion bid for The Wall Street Journal's parent have emerged.  Cambridge's Ownership Associates, which the union representing Journal parent Dow Jones & Co.
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Dow Jones & Co Inc.&#39;s  board of  directors said on Thursday that the company plans to consider  alternatives for the company, including a $5 billion bid by  Rupert Murdoch&#39;s News Corp. (NWSa.N) to buy it.
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General Electric Co. and Pearson Plc  may challenge News Corp.&#39;s $5 billion bid for Dow Jones & Co.,  with a plan that could let Dow Jones&#39;s controlling Bancroft  family keep an interest in the company, the Financial Times and  Wall Street Journal reported on their Web sites on Sunday.
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The Dow Jones board of directors will take over negotiations of any sale of the company to Rupert Murdoch's News Corp., the board said yesterday, pushing aside the company's controlling family, which has done little since meeting with Murdoch more than two weeks ago.
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The Bancroft family that controls Dow  Jones & Co. has been criticized a lot in recent years for not  investing enough in one of the world&#39;s great media brand names  and for picking managers who pursued failed strategies.
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BOSTON/NEW YORK  - Members of the Bancroft family, which controls Dow Jones & Co. Inc. , met in Boston on Monday to consider a $5 billion offer by Rupert Murdoch's News Corp   for the publisher of The Wall Street Journal.
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An Internet entrepreneur and a Wall  Street group have joined a list of potential rivals to News  Corp.&#39;s $5 billion bid for Wall Street Journal publisher Dow  Jones & Co. Inc., an adviser to the Dow Jones employee union  said on Thursday.
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A senior member of the family that controls Dow Jones & Co Inc  said on Monday that he expects the family to decide by Friday whether to sell itself to Rupert Murdoch's News Corp  for $5 billion.
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Philadelphia Media Holdings Chief  Executive Brian Tierney said on Thursday he is interested in  bidding with partners for Wall Street Journal publisher Dow  Jones & Co. Inc.
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For the buoyant would-be owner of Dow Jones, the game's afoot.
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Rupert Murdoch is expected to turn on the charm on Monday to reassure the family that controls Dow Jones & Co. Inc.  that his $5 billion offer for the company will not undermine its flagship newspaper, The Wall Street Journal.
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Dow Jones & Co. Inc. Chief Executive Richard Zannino tentatively agreed on Monday to a $5 billion takeover bid by News Corp., though the company's controlling Bancroft family remains divided on the deal, the Wall Street Journal reported.
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The News Corporation and advisers for Dow Jones are close to agreeing on terms to protect The Wall Street Journalâs independence if the company is taken over.
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Financial Times publisher Pearson Plc   is seeking partners to make a possible bid for Wall  Street Journal owner Dow Jones & Co. , the Journal  reported on its Web site on Friday.
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As the Bancroft family assembles to consider selling Dow Jones & Company, money will not be the only issue on the table.
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The family that controls the Dow Jones & Company released a statement saying that they would meet with the News Corporation to discuss its $5 billion bid.