The Bancroft family is supposed to have their decision of whether they will sell Dow Jones and Company to Rupert Murdoch’s News Corporation by 5 PM today. As a result of the continuing chaos, boards of both companies are not convinced they will have an answer by the deadline. Many family members, as well as Wall Street Journal employees, oppose the estimated $5 billion bid in fear that Murdoch’s brand of journalism might interfere in the news coverage of the Journal. Stay tuned to WebProNews as we continue to follow this story.

Last night, the Dow Jones Board endorsed the five billion buyout offer from Rupert Murdoch’s News Corporation. The only constituent halting the closing of the deal is the unruly Bancroft family. If the family refuses the offer, they could likely see a continued loss in revenue as well as a drop in the value of their shares. Check out the very latest details right here on WebProNews.