Dow Jones board to oversee Murdoch talks

The board of the Wall Street Journal's publisher, Dow Jones, has taken control of negotiations over a possible sale to Rupert Murdoch, replacing the company's dominant Bancroft family in the driving seat.

The move, announced today, was widely interpreted as a sign of impatience at the pace of talks. It came just as the internet entrepreneur, Brad Greenspan, who founded the social networking site MySpace, revealed that he was entering the fray with a partial offer for Dow Jones.