Lauren Rich Fine On NWS-DJ: The Devil You Know

Newspaper and internet analyst Lauren Rich Fine retired earlier this year after 19 years with Merrill Lynch. Today she takes us up on an open invitation to write about industry issues. Lauren also is one of the confirmed speakers at our Future of Business Media conference Oct. 30 in NYC.
One can forgive the Bancroft family for actually thinking they have a choice. Think about it. When the company went public, the family was able to maintain control despite selling an economic interest to the public. They did this by issuing two classes of stock and retaining a voting majority. In that context, their recent attempts to negotiate a sale of the company whereby they maintained operating control don