Breaking: Wall Street Journal Reporters Urged To Oppose News Corp Bid

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Wall Street Journal reporters are orchestrating a campaign to inundate three Dow Jones & Co. board members with letters urging them to “stand firm” in opposing the buyout offer from Rupert Murdoch. The three board members targeted are members of the Bancroft family, which maintains voting control of the company.
“As some of you know, there is a movement afoot to appeal directly, via letter, to each of the Bancroft family members that sit on our board. I am urging you to take part in this.,” Journal staff reporter Jesse Drucker says in an email addressed to dozens of Wall Street Journal staffers last night. “The Bancrofts are under tremendous pressure to accept News Corp's offer, and that pressure will only become greater in the likely event that Murdoch raises his bid.”
News Corp has made an offer to buy all of the outstanding shares of Dow Jones, which owns the Journal, Barron’s, MarketWatch, Dow Jones newswire and other media properties. Rupert Murdoch is the chief executive of News Corp. DealBreaker reported earlier this week that sentiment in the Journal’s newsrooms was running strongly against the deal. This morning the New York Times reported that there is “opposition against” Rupert Murdoch “among some Journal employees.” A union representing Journal newsroom and other employees issued a statement on Tuesday declaring that “the staff, from top to bottom” opposes the offer, the Times reported.
The three Board members targeted by the letter writing campaign are Leslie Hill, Christopher Bancroft and Elizabeth Steele.
“A short letter addressed to each of the three – make a separate copy for each – urging them to stand firm can only help our cause,” Drucker’s email says.
After the jump, read the full email urging the campaign to influence the board members.


Email to Wall Street Journal Staffers.
To: [redacted]
Sent: Wed May 02 18:27:09 2007
Subject:
Folks,
As some of you know, there is a movement afoot to appeal directly, via letter, to each of the Bancroft family members that sit on our board. I am urging you to take part in this. The Bancrofts are under tremendous pressure to accept News Corp's offer, and that pressure will only become greater in the likely event that Murdoch raises his bid. The fact they have opposed it so far indicates that they are committed to maintaining the quality of The Wall Street Journal and all of Dow Jones' publications and products – despite their opportunity to profit tremendously from accepting the offer.
A short letter addressed to each of the three – make a separate copy for each – urging them to stand firm can only help our cause. The board members are Leslie Hill, Christopher Bancroft and Elizabeth Steele. If you feel strongly enough to write such a letter, please try to get it to me by tomorrow (Thursday) and I will overnight a package of letters to each of them. If this is not feasible, I willl aim to get it to them by Monday. Our colleagues across the country are planning on taking part. My fax is 212-[redacted] if you're outside NYC and want to get it to me. (Or alternatively, perhaps they could be sent out from each bureau locations.)
Please forward this to as many colleagues (fellow reporters and editors) as possible who you think might want to take part. The list above is pretty short, but wanted to get the ball rolling.
Best,
Jesse Drucker
Staff Reporter
The Wall Street Journal
200 Liberty Street, 10th floor
New York, NY 10281
o: [redacted]
c: [redacted]

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