Apparently they will if they can get the bit about editorial control sorted out. Looks like it is going to go through all the way. ########################## Bancrofts demand assurances from Murdoch NEW YORK: The family that controls Dow Jones has rejected a proposed plan prepared by its lawyers, asking the lawyers instead to seek stronger guarantees of editorial independence as a condition of selling the company to Rupert Murdoch, the owner of News Corp. The Bancroft family debated and rebuffed the plan, drawn up by lawyers at Wachtell, Lipton, Rosen & Katz in New York and at Hemenway & Barnes in Boston. Even so, the proposal offers a look into the thinking of the family and its advisers and suggests a baseline set of demands behind which the Bancrofts do not want to retreat. The family had originally called for creation of a panel, named by the members, that would have the sole power to hire and fire The Wall Street Journal's top editors, who, in turn, would have that power over their subordinates. The panel would also name its own successors so that Murdoch would never gain editorial control. The proposal considered this week would have created such a committee, but three of its five members would have been chosen jointly by News Corp. and the Bancrofts, or a family trust or foundation, according to people who read it. The family would have named the other two. But the plan also called for the committee to have some control over newsroom budgets and for a two-year moratorium on cuts in the news staff at Dow Jones, the people familiar with it said. And Dow Jones' current top editors and The Journal's publisher would have been permitted to keep their jobs. Read the rest of the article at : - http://www.iht.com/articles/2007/06/15/business/dow.php