Sarah Ellison led the Wall Street Journal's coverage of Rupert Murdoch's bid for Dow Jones. Her stories about the media business have been recognized by the Newswomen's Club of New York and the New York Press Club. She lives in Brooklyn with her husband and daughter.

With The Wall Street Journal writing off billions amid the recession, all of a sudden the Bancrofts are looking like the smart money for selling to Murdoch for a premium, says Sarah Ellison.