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bancroft

The New York Observer on the New York Times on News Corp.

There's something kind of funny about a blog entry around a recent article in one outlet indicating that another newspaper is working on an expose about yet another media outlet, but that really is what this post is about. According to Michael Calderone at the New York Observer, "The New York Times is currently undertaking a major news investigation, led by managing editor Jill Abramson, into News Corp.'s business dealings throughout the world, according to a source with knowledge of the project."

Amidst the heavily hyped negotiations between Murdoch's minions and the Bancroft family who currently own the Wall Street Journal, The New York Times has apparently decided to mount their own investigation in an effort to examine what should be expected from the possible merger. While there is no clear indication what spin the Times will put on the story, it seems unlikely that the paper will conclude that Rupert Murdoch is the patron saint of news media. The New York times is one of the last major independent media outlets (along with the Wall Street Journal - for now), and it's altogether possible that News Corp. may eventually set it's sites on the Times, so I think it is safe to anticipate that this article won't be a puff piece.

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