Bancrofts to send new proposals to Murdoch

The Bancroft family are expected today to send Rupert Murdoch their proposals for protecting the editorial independence of the Wall Street Journal should they agree to sell the paper to him. The Bancrofts, who control 64% of Dow Jones's voting power, have evidently taken a dim view of the editorial board at The Times, which Murdoch offered as a model for the Journal. (Via FT.com)