Though
News Corp.´s (NYSE: NWS) Rupert Murdoch called his meeting with Bancroft family members, who through a dual-class share structure control
Dow Jones & Co. (NYSE: DJ), ¨constructive,¨ critics of the deal within the company are looking harder for ways to keep editorial control of holdings such as the
Wall Street Journal away from Murdoch.
The Independent Association of Publishers' Employees, which represents some 2,000 Dow Jones employees, has reached out to billionaires Warren Buffet, of Berkshire Hathaway fame, and Ron Burkle to get involved in buyout talks.
The Union President, Steven Yount, said "our union remains hopeful that the Bancroft family will conclude that a sale of Dow Jones is not necessary...but if the Bancroft family is to be persuaded that a sale must take place, we believe that there are alternatives to Mr. Murdoch."
Though Buffet nor Burkle have officially become involved in the discussions, the Union hopes that with their combined wealth and interest in the news has brought realistic contenders into the picture.