We present the results of new and archival multifrequency MERLIN and V
LA observations of the hybrid starburst/Seyfert galaxy NGC 1068, with
emphasis on the subarcsecond radio ''triple'' and its associated synch
rotron-emitting jet. These results include measurements of the radio c
ontinuum spectrum and trajectory of the radio jet, the sizes and minim
um energy properties of the compact features, and linear polarization
at 22 GHz. Between v = 1.4 and 22 GHz the northeastern and central com
ponents (NE and C) have steep spectra: a = -1.04 +/- 0.05 and -0.67 +/
- 0.04, respectively (S-nu proportional to nu(2)). The spectrum of the
subarcsecond jet flattens locally at components NE and C, implying ei
ther compression or reacceleration. The southern component (S) has a v
ery flat spectrum, a = -0.08 +/- 0.05 between 1.4 and 22 GHz. The brig
htness temperatures of the compact features making up component S (sub
components S1 and S2) are low, T-b similar to 3 x 10(5) K at 5 GHz.The
radio jet bends abruptly at component C from an initial P.A. similar
to 12 degrees to P.A. similar to 30 degrees. Contrary to the findings
of Ulvestad, Neff, & Wilson (1987), we find no evidence for a gradual,
C-shaped bending of the radio jet. The minimum pressures of the compa
ct features are comparable to those of the surrounding narrow-line reg
ion. We report similar to 4-5 sigma detections of linear polarization
in the directions of components NE and S. The polarization is detected
at 22 GHz with 0''.25 resolution, but not in the more sensitive 15 GH
z data with 0''.13 resolution. This result indicates that there may be
substantial Faraday depolarization toward or within the subarcsecond
radio structure.