Anyone been following Murdoch's attempt to buy Dow Jones?

Post by **tnf** » Sun Jul 15, 2007 3:35 pm

This isn't new, but I haven't heard it discussed here.
I can't envision any way that Rupert Murdoch owning Dow Jones and Co. - they are the publishers of the Wall Street Journal - being a good thing.

http://www.usatoday.com/money/media/200 ... corp_N.htm

There's a lot more to this story, obviously. Those of you who follow the DJ closely have any thoughts?

Post by **feedback** » Sun Jul 15, 2007 6:25 pm

Huge implied "no"?

Post by **Ryoki** » Mon Jul 16, 2007 11:27 am

They made Murdoch sign a statement they'd not touch the 'standard and integrity' of the wall street journal. But obviously, this whole takeover is a Very Bad Thing.

There should some kind of law against owning a majority of corporations operating in the same sector... oh wait.

Post by **tnf** » Mon Jul 16, 2007 2:26 pm

Ryoki wrote:They made Murdoch sign a statement they'd not touch the 'standard and integrity' of the wall street journal. But obviously, this whole takeover is a Very Bad Thing.

There should some kind of law against owning a majority of corporations operating in the same sector... oh wait.

They changed said law to accommodate Murdoch before didn't they?

Post by **Ryoki** » Mon Jul 16, 2007 3:04 pm

Hah, really? Bastards.

Post by **tnf** » Mon Jul 16, 2007 3:09 pm

Yea, there was a law about what % of the media could be controlled by one person or something to that effect...politicians that were in favor of the old law changed their tune and pushed for the % to go up to exactly what it was Murdoch owned after having books published by one of his publishers.

Post by **Ryoki** » Mon Jul 16, 2007 3:19 pm

Incredible. It's so very dangerous to give one man so much power...

Post by **i think i am** » Mon Jul 16, 2007 3:25 pm

I blame The Simpsons