Romenesko

Wall Street Journal
The Bancrofts' latest proposal, which is expected to be sent to News Corp. as early as today, is said to include a provision that seeks to protect not only the Wall Street Journal's managing editor from interference from News Corp., but its publisher as well. "That would mean News Corp. would have to agree to give up control over some of the budgetary decisions at the Journal and Dow Jones," writes Sarah Ellison. "So far, News Corp. has seemed unwilling to accept provisions that would curb its ability to run the business side of Dow Jones."