Con-Solidation

11:42 am EST May 1st, 2007 | Media | 3 Comments

Rupert Murdoch, who pledged his loyalty to George W. Bush, makes a move to consolidate the conservative press:

Shares of Dow Jones & Co., publisher of The Wall Street Journal, soared almost 60 percent on Tuesday after the financial news network CNBC reported that Rupert Murdoch’s media company News Corp. offered to buy the company for $60 a share.

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3 Responses to “Con-Solidation”

  1. benny05 says:
    May 1, 2007 at 1:58 pm

    This concerns the be-zzesus out of me. Granted the Wall Street Journal is not exactly progressive, but some of the columns and editorials are well written and thoughtful, even if I don’t agree with them. I’d shudder to think they would replace some of those folks with the likes of Bill-O and his ilk, who make up lies. WSJ at least investigates a bit and calls the carpet on some CEOs and companies. Murdoch would never do that unless the CEO was a known Dem donor.

    I hope the DJ family stays strong on this. It’s one thing for Gigot to have a show on FN, but another for a complete takeover of a decent business-oriented newspaper. It would taint it forever.

  2. pedromd07 says:
    May 1, 2007 at 3:13 pm

    hey didn’t you read the downstream threads:

    It doesn’t matter what the politics of reporters are….they have “ethics”

  3. LMMatthews says:
    May 2, 2007 at 8:57 am

    I’m personally thrilled that the Bancroft family has completely refused Murdoch’s offer. The Cons need at least one paper that has some credibility, and everything Murdoch creates or touches becomes an over-sensationalized, baseless, circus. Long live the WSJ. (In the form its in.)

    As a side note, did anyone notice who the representatives of the Journal said they would rather sell the paper to? (via MSNBC) Warren Buffet or Bill Gates.