Rupert Murdoch buys Wall Street Journal

moegolden

Perv-switch toggler
Oct 3, 2004
7,293
2
226
#1
A pretty big deal, since they are regarded as the only publication in the world on par or better than the NY Times. They had long had a slightly conservative slant on their editorial pages, but were notable for not letting it affecting the actual reporting, as opposed to the Times' liberal slant, or Fox News' conservative slant.

Some die hards really consider this the death of journalism.

If Rupert really wants the WSJ to keep its value, he may have to keep it as its own brand, more so than just the financial news channel he's building. Financial Times is a legitimate rival already.

http://online.wsj.com/article/SB118595206198884573.html?mod=special_coverage
 

d0uche_n0zzle

**Negative_Creep**
Sep 15, 2004
46,942
6,976
763
F.U.B.A.R
#2
It's all about controlling the media, maaan.

Just another piece in the New World Order.
 

Larz

****Self-Banned****
It's My Birthday!
Feb 12, 2006
2,678
2
228
NYC E. Village, No Homo
#3
Some die hards really consider this the death of journalism.
If it makes liberals squirm that much more its worth it.

Murdoch is very good at unlocking the value of his assets. When he bought Myspace for 500 mil a few years ago everyone laughed. Now yahoo wants to buy it for roughly $12 billion. Thats why he was able to make the "in your face" offer of double the share price for Dow Jones.

He's rolling out a business channel, so being able to brand it as part of Dow Jones is a big coup. WSJ is of course the crown Jewel giving him the print legitimacy he so desperately wanted. Gotta admire the man, its really an amazing move all around.

For the first time there will be a true counter to the liberal left on all fronts.
 

circpro

No Complaints here
Nov 15, 2004
1,626
0
261
Atlanta, GA
#4
No big surprise here... They have been battling back and forth for months... IMO, it was all for show as the Bancrofts did not want to seem to fold easy...