I've been looking for the posts that best summarize my feelings on the impending sale of the Wall Street Journal to Rupert Murdach. If anybody thinks it's not going to change the landscape of American Journalism, we need to sit down and have a LONG talk. For those of you who say, "Why should I care? I never read the journal, anyway", allow me to give you a couple of bloggers who do an excellent job of explaining..
Murdoch and the Wall Street Journal
Rupert Murdoch's News Corp. is now going to own the Wall Street Journal. That's bad news for print journalism and it's probably bad news for the WSJ's bottom line. As Eric Alterman points out, Murdoch consistently loses money on his newspapers. Take a look at his flagship American publication: the New York Post. It's dumb, celebrity-obsessed, spineless, corrupt, unreliable and reactionary, and even with all its pandering, it still manages to lose, by its own estimation, $30 million to $50 million a year. It's not just the Post that Murdoch [...]
In case you hadn’t heard, Rupert Murdoch, the crude, shrewd Australian-born right-winger now owns Dow Jones & Company, publisher of The Wall Street Journal, making him the single most powerful media mogul in the [...]
Tags: Murdach, Wall Street Journal, Dow Jones
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