Rupert Murdoch won his bid to take over the Wall Street Journal.
On Tuesday, the board of directors of Dow Jones & Co. approved a five billion dollar deal to bring The Wall Street Journal into Murdoch’s News Corp. media conglomerate. Murdoch’s holdings include the Fox network, Fox News channel, the 21st Century Fox movie studio, MySpace.com, the Times of London, the New York Post, the “American Idol” franchise, HarperCollins, TV Guide, The Weekly Standard, National Geographic television, and several satellite networks. A reporter for the Wall Street Journal told the Los Angeles Times
“People are aghast that this could have happened… It’s a sickening realization to know that this really great iconic newspaper is [not only] no longer going to be independent, but is also going to be controlled by a man whose values are inimical to ours.”
democracynow
Stumble it!
This entry was posted
on Thursday, August 2nd, 2007 at 4:24 pm and is filed under main, big business, media.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Rupert Murdoch won his bid to take over the Wall Street Journal.
On Tuesday, the board of directors of Dow Jones & Co. approved a five billion dollar deal to bring The Wall Street Journal into Murdoch’s News Corp. media conglomerate. Murdoch’s holdings include the Fox network, Fox News channel, the 21st Century Fox movie studio, MySpace.com, the Times of London, the New York Post, the “American Idol” franchise, HarperCollins, TV Guide, The Weekly Standard, National Geographic television, and several satellite networks. A reporter for the Wall Street Journal told the Los Angeles Times
“People are aghast that this could have happened… It’s a sickening realization to know that this really great iconic newspaper is [not only] no longer going to be independent, but is also going to be controlled by a man whose values are inimical to ours.”
democracynow
Stumble it!
This entry was posted
on Thursday, August 2nd, 2007 at 4:24 pm and is filed under main, big business, media.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.