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 NEW YORK (AP) - Rupert Murdoch's bid for Dow Jones & Co. ran into more resistance Sunday as a large Dow Jones shareholder said he strongly opposes News Corp.'s bid to take over the financial news publisher, which owns The Wall Street Journal.
Jim Ottaway Jr., a former Dow Jones board member, said in a statement posted on the Journal's Web site that a Murdoch takeover would lead to the "loss of the independence and integrity of a leading national editorial voice."
"Rupert Murdoch comes from a very different tradition of Australian-British media ownership and editorial practice in which he has for a long time expressed his personal, political, and business biases through his newspapers and television channels," Ottaway said. "The Bancroft family has treated Dow Jones as a public trust, not for personal or political interests, or maximum enhancement of family wealth by sale to a high bidder."
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