Romenesko

CJR's The Audit
Dean Starkman asks: Did the Dow Jones board, top management or Merrill Lynch & Co. and the rest of the $30 million "team" advising DJ and the Bancroft family have any idea that such a rosy couple of quarters were just around the corner? "Unknown," he writes. "Is it unfortunate that all these upside surprises come too late for the Bancroft family and other shareholders to make a full evaluation of the company's prospects? Yes. Very."