The Bancroft family are the former owners of Dow Jones & Company — publishers of the Wall Street Journal — which is now owned by Rupert Murdoch's News Corporation (NewsCorp).
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The family
The Bancrofts are a family of publicly-reclusive Boston socialites who inherited The Wall Street Journal from Clarence W. Barron, who as a reporter built up the reputation of that newspaper.[1] Their private pastimes are the genteel pursuits of show-horse breeding, sailing and farming. However, the family has also produced a speedboat champion and a former airline pilot.[1]
Dow Jones-NewsCorp sale
The Bancroft family initially held out for three months against Murdoch's advances until accepting a $60-per-share offer from NewsCorp.[1]
