Murdoch acquires Dow Jones, WSJ

Submitted by R. Neal on Wed, 2007/08/01 - 7:41am.

Fox News guy Rupert Murdoch has sealed the deal to acquire Dow Jones and the Wall Street Journal.

There's apparently lots of angst about the Wall Street Journal becoming too conservative on Murdoch's watch. The Wall Street Journal? Too conservative? Could it be any more conservative?

At least now we can now expect a more "fair and balanced" Dow Jones Industrial Average. I predict 20,000 by November.

The very best quote on the deal so far, though, is from our good friend Brian Hornback, who says:

This is a good news, while mass paranoia exist amongst the liberal global whiners about news being biased or unbiased. Fox and Rupert Murdock are fair and balanced, not biased.

After all on a global scene, you have "Hanoi Jane" running the other National Cable News. Now, that my friends is biased news coverage.

Unless I'm missing something, that's probably news to CNN and Jane Fonda.

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I think he's probably

I think he's probably referring to the fact that Ted Turner was married to Jane Fonda. Of course Turner no longer runs CNN, and Turner & Fonda have divorced, but little things like facts don't matter much to Hornback.

R. Neal's picture
Yes, they divorced about

Yes, they divorced about seven years ago, and Turner resigned from the board of Time Warner some years after that.

Factchecker's picture
One would have to do some

One would have to do some serious "fact-checking" just to see whether Jane Fonda was married to Ted Turner while Turner still had any control at CNN. But who wants to waste time over such imbecilic comments?

This guy's blogging crew is pretty funny.

Factchecker's picture
Oops

We had group think at the same time.

I read on Eschaton that

I read on Eschaton that Laura Ingraham will be taking Paula Zahn's prime time slot for one week. I'm sure if the ratings are good the job offer will be permanent.

I read on Eschaton that

I read on Eschaton that Laura Ingraham will be taking Paula Zahn's prime time slot for one week. I'm sure if the ratings are good the job offer will be permanent.

I heard somewhere that Campbell Brown will be taking over that job after Ingraham's stint.

The implications could be

The implications could be pretty serious. The WSJ editorials are already more conservative than even what we see on Fox- so who cares about that(and I say that as a conservative). But where the real damage could lie is in the independence of the reporting. Lots of folks invest at least in part based upon what they read in the WSJ- I have. The WSJ influences investment decisions. Is Murdoch really trustworthy enough to control the most influential financial print source in the nation, particularly given his own vast holdings and resulting self-interest? I don't think so.

At least WSJ readers won't have to suffer through many more articles about the family's angst over whether to sell. what a soap opera. Like it wasn't obvious these heirs and heiresses wouldn't take the money and run.

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