Murdochs Pressure May be Working

It looks like the idiot Bancroft family is going to finally accept an offer that values their company at almost double what it was a few months ago. It isn't a done deal but they would be stupid not to take the money and run.

Members of the Bancroft family had a 5 p.m. deadline Monday to tell
the family's lead trustee how they would vote, but negotiations apparently
continued over other matters in an attempt to persuade holdout votes to sign
on. The Journal reported Tuesday that Dow Jones' board had agreed to set
aside funds to pay the Bancroft family's advisory fees, which could total at
least $30 million.

What a racket. They even get an extra $30 million for "consulting fees" on top of the billions that they might soon be getting. I assume that they will be getting that money simply for taking the time to vote for the offer or not. I wish I could charge a consulting fee every time I got a proxy notice and took the time to vote.