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Christopher Bancroft: I'm sorry we won't be as involved with Dow Jones now, were they ever? Rich Zannino knows his high end fashion

Published: Friday, December 14, 2007

-YOSH

It looks like reality has set in for some members of the Bancroft family who ruled Dow Jones for decades up until yesterday. Now that they no longer have control of the company, Bancroft family member Chris Bancroft is all sad, even with a fatter bank account.

“I’m sad we’re no longer going to be involved as we had been, but I look forward to Rupert doing a great job in keeping Dow Jones and The Wall Street Journal the quality organizations they have been,” said Christopher Bancroft, a Dow Jones board member. “I hope it doesn’t change in a way that would cause it to lose the credibility it has had. I’m optimistic.”

As far as former Dow Jones CEO Rich Zannino goes... he's already getting some good advice from Dow Jones board member Evelyn Y. Davis who suggested to Mr. Zannino that he return to the apparel industry. She even challenged him to tell her which designer she was wearing and to no surprise, Zannino got it right. She was wearing Valentino. Hey, did Gap ever find a new CEO? Zannino should apply.

News Corp. Completes Takeover of Dow Jones [NYT]

Labels: ACQUISITIONS, Bancrofts, Chris_Bancroft, DowJones, Mergers, RichZannino, RupertMurdoch

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