(Bloomberg) -- Rupert Murdoch's pledge to protect the independence of the Wall Street Journal may help convince the least-reluctant members of the family that controls Dow Jones & Co. to support his $5 billion bid.
In a letter sent May 11 and disclosed yesterday, Murdoch promised the Bancroft family an autonomous editorial board for the Wall Street Journal. He also offered the family a seat on board of New York-based News Corp., the media company he runs.
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