http://abcnews.go.com/Business/IndustryInfo/story?id=3105688&page=1Just hours after Rupert Murdoch's News Corp. made an unsolicited offer Tuesday to buy Dow Jones & Co., publisher of The Wall Street Journal, the family that controls Dow Jones announced that it had rejected the bid.
The Bancroft family controls a little more than 50 percent of the votes at Dow Jones and announced after the stock market closed that it would reject the proposed bid.
family did not comment on whether or not it would accept any other offer -- from Murdoch or somebody else. The family said only that it was rejecting the current bid.
Throughout the day, the possible sale of the nation's second-largest newspaper worried some.
News Corp. owns Fox News, the New York Post, TV Guide, MySpace and numerous other media outlets along with movie company 20th Century Fox.
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