On April 17, Rupert Murdoch made a $5 billion bid for the Dow Jones company, owner of the Wall Street Journal and other properties. Here's how it's playing out. A trustee for the Bancroft family, which controls Dow Jones through a dual-class stock structure, "said that members representing slightly more than 50 percent of the voting shares would oppose the current proposal." That sounds like a "no way"—but it really might be a ploy to jack up the price. Former Journalist Joe Nocera notes that the family has long disliked Murdoch's brand of newspaper, but at $60 a share, aesthetics become less important. Murdoch thinks there'll be a meeting about it all in a couple weeks. The Journal says the bid puts the family in an interesting spot: "Should the Bancrofts decide to pursue any deal, however, Dow Jones will have been considered 'in play' and its directors obligated to obtain the best deal possible."