I was happy when I first heard that the Bancroft's had rejected News Corp's takeover bid. That happiness went away when I heard that the Bancroft's have now reconsidered, and are meeting with News Corp executives, including Murdoch.
The Bancroft's did however propose that they get to elect a "Journalistic Integrity Enforcement Board". It would be a board that Murdoch would have no power over, so it is doubtful this will be accepted by Murdoch (who is no fan of journalistic integrity).
It would be nice if the Bancroft's stuck to their guns and slowed down the growth of the FOX Expire. However, as always, the almighty dollar will win them over to News Corp's position.