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 NEW YORK (AP) - After initially rebuffing an offer from Rupert Murdoch's News Corp., the Bancroft family says it is ready to meet with the media mogul to discuss his interest in buying Dow Jones & Co., the publisher of The Wall Street Journal.
The Bancrofts, who control the shareholder vote of Dow Jones, said in a statement late Thursday that after reviewing Dow Jones and the rapidly changing arena of business news and information in which it operates, "the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corporation."
The family said it remained committed to preserving the Journal's independence and integrity and were willing to meet with Murdoch to determine whether they could be assured those qualities would continue under his ownership. They also said they would consider other offers.
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