A spokesman for the Bancroft family tells the Observer that the Dow Jones deal is not yet done. "The process of canvassing the Bancroft family members and trustees as to whether they wish to commit their respective shares to the proposed News Corporation transaction is still under way. Any suggestion that the process has been completed and/or that a particular level of support has been established is at this point premature." What's the phrase? Something about deckchairs and the Titanic? [NYO]