Murdoch promises 'journalistic integrity' at The Wall Street Journal
Rupert Murdoch, the chairman of News Corp. and owner of the tabloids The Sun in England and the New York Post, is promising to retain the journalistic integrity of The Wall Street Journal and its parent company Dow Jones if he succeeds in acquiring them for $5 billion.
In a letter sent over the weekend to members of the Bancroft family that owns the company, Murdoch asked to meet with the family and company officials. He assured them that he is "first and foremost" a "newspaper man." "I have also always respected the independence and integrity of the news organizations with which I am associated," he wrote. Murdoch promised to establish an independent, autonomous editorial board, appoint a member of the Bancroft family to the board of News Corp., expand Dow Jones editorial in India and China, put more money into The Wall Street Journal's Washington, D.C., bureau, and invest in the newspaper's headquarters "to ensure it remains a state-of-the-art facility."
News Corp. made an unsolicited offer to acquire Dow Jones about two weeks ago. So far, Dow Jones and the Bancroft family aren't jumping at the opportunity.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor. 
The only thing any of these scumbags should promise is a short speech before they are hung.
interweb discussions that will appreciate it... Bush nor Cheney
Promised anything... and they have done an admirable job... Quick,
who was Pres in 1996?... what is the "telecommunications act of
1996"? Consolidation of ownership in media has been going on
under both parties reign... Let this dweezil buy DJ and maybe our
economy can grow forever... You and all you lame ass finger
pointers with little facts will always be mediocretins though.
it's a free country and he can buy what he wants. Too bad he will
probably make whatever he buys worthless... at least we won't have
to read about it in the paper...
sentence as "The Sun". Once named the Daily Herald, it was
acquired and renamed the Sun then resized from broadsheet to
tabloid along with major editorial changes, perhaps beginning the
downslide of British tabloid newspapers to daily comics.
Then Murdoch took the institutional Times. Does anyone seriously
think that the WSJ would remain unscathed?
I can just imagine the headlines.
Headless merger in topless boardroom, perhaps?
the drop of a hat and whose other publications have tried subvert
the political process. Please do not to let him get control of any
more media outlets without considering his record elsewhere.
- by JimmyH52 July 4, 2009 2:04 PM PDT
- Murdock is using the WSJ to advance his right wing stance. That comes as no surprise to anyone. Watch FOX for a few moments and you will see WSJ blantanly espousing Murdock's doctrine. So, he duped the family into believing him.
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