Today's Bancroft-o-Meter: Rupe's Gonna Make It After All?

Published: July 31, 2007, 10:19 am

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

Photo: NYTimes.comIt's a funny thing. When any of us has a deadline, we have to obey it. Work has to be in when work has to be in. Taxes must be postmarked by April 15. The 5:09 for Montauk leaves at, God willing, 5:09. But apparently if you're an already-rich family try to cash out on your newspaper company — or, for that matter, if you're the State of New York applying for a half-billion dollars — a deadline is but a trifling concern. And so yesterday's 5 p.m. cutoff for the Bancrofts to yea or nay a sale of Dow Jones to News Corporation came and went, and still no one knows the result. The Times today calls a deal "tantalizing close," and the soberer Journal says the two sides "edged closer." Here's what we think is going to make the difference: the Denver trustees, who are generally in favor of a deal but last week announced they wanted a higher price for their supervoting shares. Both Dow and News Corp. said they wouldn't support a price differential. So the Denver

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