Dow Jones has been controlled by the Bancroft family, descendants of Dow Jones correspondent Clarence Barron, for more than 100 years. As of now, the family has lined up only a slight majority — 52 percent — of Dow Jones' voting power against Murdoch's proposal to be taken over at $60 per share, a huge premium of more than 65 percent over the price of Dow Jones shares before the overture was made public on Tuesday.