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Dow Jones, Murdoch Reach a Deal

Discussion in 'Journalism topics only' started by hockeybeat, Jul 17, 2007.

  1. hockeybeat

    hockeybeat Guest

  2. Clever username

    Clever username Active Member

    Fuck me running.
  3. MileHigh

    MileHigh Moderator Staff Member

    NEW YORK — Dow Jones & Co., publisher of The Wall Street
    Journal, says its board has recommended that shareholders approve a
    sale of the company to Rupert Murdoch’s News Corp. media
    conglomerate for $5 billion.
  4. hockeybeat

    hockeybeat Guest

  5. trifectarich

    trifectarich Well-Known Member

    In a commentary to its readers, the WSJ today assures readers that the same commitment to quality journalism will remain, regardless of ownership. I hope that's the case, but Murdoch and trust don't go together in the same sentence. It's the best paper in the country and I would hate to lose my trust in it. I guess time will tell.
  6. spud

    spud Member

    Say goodbye to the WSJ. Will never be the same ever again.
  7. Mystery_Meat

    Mystery_Meat Guest

    Who should have bought it, then?
  8. jgmacg

    jgmacg Guest

    A black - or yellow, your choice - day for journalism.

    Why should anyone have bought it? It wasn't for sale - until Murdoch made his offer.
  9. Mystery_Meat

    Mystery_Meat Guest

    If they sold it, it was for sale. Maybe they weren't soliciting offers, but if it wasn't for sale, Murdoch wouldn't have gotten it.

    And someone correct me, but News Corp. owns The Times in London, and isn't that a reasonably well-respected paper? I wonder if this fear that the WSJ is going to turn into the New York Post or Sean Hannity's House of Money might be a little overblown.
  10. jgmacg

    jgmacg Guest

  11. trifectarich

    trifectarich Well-Known Member

    I remember reading over the past couple of weeks that when Murdoch bought The Times of London, he made promises not to meddle in editorial affairs or how stories were covered and many editors complained that's exactly what he did.
  12. SixToe

    SixToe Active Member

    Everything is for sale.

    Dow Jones Co. was beholden to its investors to consider and accept a good offer, which was tendered.

    Spud is correct. The WSJ never will be the same.
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