Murdoch's Prospects for Journal in Doubt

New York Times:

The News Corporation appeared tantalizingly close to winning the support of enough members of the Bancroft family to succeed in its bid to acquire Dow Jones & Company last night, but not close enough to conclusively claim victory.

Family members and trusts representing more than 30 percent of the shareholder vote -- enough to put the deal over the top -- indicated to their lawyers that they would support the bid, but some of them had not yet delivered signed commitments and could still back away, according to people briefed on the matter, who asked not to be identified because they were not authorized to discuss it.

Read the whole story: New York Times