Wall Street Journal Weighs Life Under Rupert Murdoch

But Mr. Murdoch, the media baron who runs the News Corporation, may need a little more of his trademark patience to win The Journal’s parent company, Dow Jones & Company. Yesterday, the company’s board announced that it was taking no action on Mr. Murdoch’s surprise $5 billion bid because members of the controlling Bancroft family holding 52 percent of the company’s votes oppose it. [Page C1.]