The Week: Media news - Murdoch faces Dow block

A Dow Jones shareholder has voiced his staunch opposition to Rupert Murdoch's $5 billion bid for the The Wall Street Journal.

Jim Ottaway Jr, a former Dow Jones board member, whose family owns a 6.2 per cent share of Dow Jones, said the company's reputation for accurate, fair, objective and reliable business reporting would be damaged if Murdoch and News Corp take over Dow Jones.

Ottaway said: "I think the controlling shareholders of Dow Jones should answer News Corp's unsolicited offer by saying, 'Dow Jones is not for sale, at any price, to Rupert Murdoch.'"