US | Rupert Murdoch Dow Shareholder Duels Murdoch By Peter Fearon Posted May 7, 2007 6:51 AM CDT Copied Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch. (AP Photo/Mark Lennihan, File) (Associated Press) A powerful shareholder in Dow Jones is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels." Ottaway, whose holdings translate into 5.2% of overall voting power, specifically suggested Murdoch would subvert the Journal's critical China coverage to promote his cozy relationshiop with the Chinese government, as he has done in other outlets. A Murdoch spokesman said the statement is based on "tired misconceptions and clichés." Read These Next Diane Keaton, Godfather and Annie Hall star, dies. You may recognize him from Family Matters. He's now in jail. Americans are living out their expat dreams in these countries. Trump's public plea to Bondi was reportedly meant to be private. Report an error