
It seems that money has won out in the end and that the Bancroft family members who have been objecting to Rupert Murdoch's purchase of The Wall Street Journal have decided to go ahead with the sale.
I think it's funny that initially, the The Wall Street Journal article about the deal, didn't even mention Murdoch's name until three paragraphs from the bottom (it has since been replaced by a more expansive article). CNN's lead article, on the other hand, was entitled, "Murdoch Deal for The Journal Said to Be Near." The story on CNN's business page also mentioned Murdoch's name at the top. Here's MSNBC's title: Murdoch Clinches Deal for Publisher of Journal. And the New York Times headline said, simply, Murdoch Seen to Win Control of Dow Jones.
Not to worry, though, it seems that in the contract is an "editorial integrity agreement." We'll see...
This book highlights the Wall Street Journal's reporting of the recent past: 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies That Destroyed Faith in Corporate America by Rebecca Smith [333.79 SMI].


















