Murdoch; Dow Jones

This is a shame.

Bancroft family members owning 32% of Dow Jones & Co.'s overall votes have agreed to support News Corp.'s $5 billion bid for Dow Jones, the publisher of The Wall Street Journal, according to people familiar with the matter.

That level of support is likely more than enough to guarantee News Corp. enough votes to clinch the deal.

It makes me sick to think of The Wall Street Journal in the hands of a corporate thug like Rupert Murdoch. It is like watching a tragedy unfold in slow motion. You know how it's going to end, you wish you could stop it, but there is nothing you can do about it.

Let us bid a fond adieu to one of the world's great newspapers, one of the last bastions of true journalism.