Today's Bancroft-o-Meter: Busted!

Published: July 30, 2007, 5:34 pm

Tags: in other news, bancroft family, dow jones, news corp, newspapers, rupert murdoch, the wall street journal

Photo: Getty Images There's around a half-hour left to what's nominally the deadline for the Bancrofts to approve a sale of Dow Jones, their family media company and the publisher of The Wall Street Journal, to Rupert Murdoch's News Corporation. So what's going happen? The short answer: No one knows. The Denver trusts are still holding out for more money, and now some of the Boston lawyers who act as trustees might feel that way, too. Rupert says he won't offer more. Jane Cox MacElree, a family matriarch, is still against a deal, but she resigned from some of the trusts she heads because their beneficiaries are in favor. Family lawyers are trying to restructure one of the trusts Christopher Bancroft oversees, because he's against the deal and will vote the shares in opposition, even though some of the beneficiaries of that trust support it. The Times says that it's possible this whole thing will go into tomorrow or beyond, deadline notwithstanding. ("How long does it take to make a

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