
A year ago Dow Jones shareholders voted to sell their company, the publisher of The Wall Street Journal, to Rupert Murdoch's News Corporation. At the time, there was much teeth-gnashing among members of the Bancroft family, descendants of The Journal's founder, who controlled Dow Jones. The price, Murdoch paid, $5 billion, stifled most of these groans. The grumpiest Bancrofts should now be smiling, even as the News Corporation shareholders grimace....
Got that? The Bancrofts have stopped groaning and gnashing their teeth, and are now smiling. News Corporation shareholders are now grimacing.
Some interactive video might have been helpful here, just to clarify the situation.
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