US | Rupert Murdoch Dow Shareholder Duels Murdoch By Peter Fearon Posted May 7, 2007 6:51 AM CDT Copied Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch. (AP Photo/Mark Lennihan, File) (Associated Press) A powerful shareholder in Dow Jones is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels." Ottaway, whose holdings translate into 5.2% of overall voting power, specifically suggested Murdoch would subvert the Journal's critical China coverage to promote his cozy relationshiop with the Chinese government, as he has done in other outlets. A Murdoch spokesman said the statement is based on "tired misconceptions and clichés." Read These Next We knew Letterman would pipe up about Colbert eventually. A parent's nightmare, in a white cardboard box. Now we know why Ghislaine Maxwell may have opened up to the DOJ. The humans survived this flight; the deer on the ground didn't. Report an error