Representatives of the Bancroft family, which controls Dow Jones
The meeting is expected to deal solely with issues related to journalistic integrity, these people said, according to the Journal.
The Journal also reported that Michael Elefante, a partner at the law firm that represents the Bancroft family, has changed his mind about considering selling Dow Jones, the Journal reported.
Elefante now has said the company should consider a sale to Murdoch or another bidder in order for the media company to remain competitive, the Journal reported, citing sources.
On Friday, shares of Wall Street Journal publisher Dow Jones jumped above News Corp.'s $60-a-share bid for the first time as investors bet a better offer could emerge.
The stock rose as much as 15% after the Bancroft family, which holds 64% of voting power in Dow Jones, said late Thursday that it would consider News Corp.'s $5 billion bid, as well as other offers.