03/28/2008 02:44 am ET Updated May 25, 2011

Christopher Bancroft Arrived For Dow Jones Talk In "Bite Me" Cap

Members of the far-flung Bancroft family converged in downtown Boston yesterday for a seven-hour meeting to discuss the fate of Dow Jones & Co., the media conglomerate they have controlled for more than a century, and one key family member said he expects a decision to be reached by the end of the week about Rupert Murdoch's $5 billion bid to buy the company.

Between 20 and 30 of the roughly three dozen adult members of the Bancrofts -- who collectively have a 64 percent voting stake in the parent company of the Wall Street Journal -- congregated at the Hilton hotel in the Financial District, along with several of their legal and financial advisers. Additional family members participated by telephone.

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