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Jun29
New York Times Article says if Murdoch buys Wall Street Journal, Dark Day for American Democracy

Continuing Coverage of the Dow Jones Story

An example of my post yesterday about "What the Real Battle over Dow Jones is About," is shown in the comments Paul Krugman makes in a select New York Times (NYT) article (subscription).

He says that if News Corp. (NWS-A) and Rupert Murdoch buy the Wall Street Journal "it will be a dark day for America's news media -- and American democracy."

The%20real%20reason%20for%20the%20fierce%20battle%20over%20Dow%20Jones.jpgIf it wasn't so funny it would have to be taken serious. Now it's no longer "editorial independence" at stake, it's the entire American democracy that will crumble if Dow Jones is bought by Murdoch.

Why are people like Krugman and the New York Times starting to panic? No more than I mentioned in the last post: the battle for who sets the news agenda for the nation.

What is interesting is to see that the attacks on Murdoch simply confirm that the Times, and other news organizations like them, have been doing this for years, and they know that the tables have been turning on them and may completely turn over if Murdoch gets the Wall Street Journal and Dow Jones.

The "editorial integrity" thing is directly connected to this reality, which is why the battle has been so strong, and the latest propaganda from the Times and others picking up steam.

When it comes down to it, whether Murdoch gets the Journal or not won't stop it. If the deal doesn't go through, all it will do is slow it down. The trend has been going on for years and it won't stop. The Times is only trying to keep the business from collapsing fast and it's weakness to be exposed even more.

It is fun to see them squirming and ranting in fear from the possibilities that lie ahead.

Related Coverage:

What the Real Battle over Dow Jones is About

Rupert Murdoch Retains Power to Hire and Fire at Wall Street Journal

Dow Jones, News Corp. Come to Editorial Board Agreement

Dow Jones Deal Coming Closer to a Conclusion

Latest Plan by Bancrofts Shows Board may be Just Rubber Stamp for Them

Dow Jones Board Drafting "Editorial Independence" Statement - Will Murdoch Accept?

General Electric and Pearson PLC Drop out of Dow Jones Sweepstakes

Bancrofts Out of the Dow Jones Negotiations - Board Takes Over

General Electric, Pearson PLC Consortium to Buy Dow Jones Already Under Fire

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10 Comments/Trackbacks




» Dow Jones says Story about Completed Deal with Murdoch False from ManagersRealm
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» Is Rupert Murdoch being Held to a Higher Standard than His Competitors? from ManagersRealm
An interesting op-ed piece by Norman Pearlstine in the Los Angeles Times talks about the failure of many newspapers and magazines to have a high standard of editorial independence. He even talks about the failure of the New York Times... [Read More]

» Ron Burkle Finally being Brought into Dow Jones Soap Opera from ManagersRealm
Continuing Coverage of the Dow Jones StoryA long time after being named as a potential suitor of Dow Jones (DJ), Ron Burkle has been invited to meet with the board to see if there is any favorable options for the... [Read More]

» Rupert Murdoch Bid for Dow Jones Already Saving Them Jobs from ManagersRealm
If Rupert Murdoch had not made the bid for Dow Jones & Company (DJ), a number of Wall Street Journal workers may have already lost their jobs, according to a New York Times article. They cited a person close to... [Read More]

» Rupert Murdoch Sends Message will Start Business Channel with or without Dow Jones from ManagersRealm
Rupert Murdoch has made the commitment to topple CNBC as the leading business TV channel in the U.S. It's one of the reasons he made the bid for Dow Jones (DJ).With the announcement on Wednesday that the new business TV... [Read More]

» Here we go again: Another Bancroft Panics Over Dow Jones Being Bought by Rupert Murdoch from ManagersRealm
Continuing Coverage of the Dow Jones Story In what's getting to be almost a circus, another Bancroft member, Christopher Bancroft, has reportedly ran to General Electric (GE), hedge funds and private equity firms in an effort to keep Rupert Mu... [Read More]

» Final Stages of Dow Jones Negotiations May Start this Week - Companies to Meet from ManagersRealm
Continuing Coverage of the Dow Jones Story In what should become the defining moment in the outcome of the bid for Dow Jones (DJ) by News Corp. (NWS-A) and Rupert Murdoch, News Corp. will meet with board members of Dow Jones... [Read More]

» Dow Jones Negotiations Winding Down: Tentative Agreement to be Given to Bancroft Family from ManagersRealm
Continuing Coverage of the Dow Jones StoryThe final pieces of the negotiations for Dow Jones & Co. (DJ) and News Corp. (NWS-A) are in place, as a tentative agreement has been reached by the two sides, according to the Wall... [Read More]

» Bancrofts Meeting Monday to Discuss Selling Dow Jones Co. from ManagersRealm
Continuing Coverage of the Dow Jones StoryIn what should be a very spirited meeting, the Bancroft family, majority share holders in the Dow Jones CO. (DJ) will get together on Monday to discusss whether they will sell the company to... [Read More]

» Al Neuharth, USA Today founder: The Wall Street Journal Sale - A "Farce Starring WSJ Reporters, Columnists, Editors and Executives" from ManagersRealm
Al Neuharth, the founder of the USA Today had a great opinion piece talking how from his viewpoint the bid by Rupert Murdoch for Dow Jones & Co. has become a joke. If you've been following my postings about the... [Read More]

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