Murdoch’s board approves deal to purchase WSJ.
By on Jul 31st, 2007 at 8:50 pm
Murdoch’s board approves deal to purchase WSJ.
Reuters reports, “Rupert Murdoch was one step closer to fulfilling a decades-long dream of running the venerable Wall Street Journal on Tuesday after the News Corp board approved his $5 billion bid for Dow Jones & Co Inc.”
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Well, there goes a good source of business news. Time to hit fidelity.com and the others for real financial information. The WSJ is compromised and no longer relevant.
July 31st, 2007 at 8:55 pmOh goody. Now we can sort through more bullshit to get the real news.
July 31st, 2007 at 8:56 pmDoes this mean the WSJ editorial pages might turn “conservative”…?
(smirk)
July 31st, 2007 at 8:56 pmThe WSJ has always been known as a very conservative paper, but it was respected in its genre. That is soon to be history.
July 31st, 2007 at 8:58 pmThe Bancroft family should be ashamed of facilitating this boob.
July 31st, 2007 at 9:06 pmwow the newyork times hit piece couldn’t stop this.i smell another hate video by robert greenwad
oooo goody something else to boycott
July 31st, 2007 at 9:07 pmlistening to marty kaplan on rachel maddow earlier…
he brought up the fact that rupert’s ownership
could have quite an affect on his other financial holdings…
think about THAT.
is there NOTHING we, the people, can do about this?
July 31st, 2007 at 9:08 pmthe bancroft’s are deaf and dumb?
…
is there NOTHING we, the people, can do about this?
Sure, don’t buy the WSJ. Newspapers are hanging by a thread anyway.
You would get your business news from the publisher of the NY Post? Why?
This acquisition is just another sign of the death of print journalism.
July 31st, 2007 at 9:18 pmIt has finally come true. The value of a paper and the quality of its reporting is proportional to the quality of its comics page.
July 31st, 2007 at 9:48 pmI would recommend anyone who subscribes to this paper should end their subscription and buy Hustler Magazine instead.
-GSD
July 31st, 2007 at 9:49 pmI would recommend anyone who subscribes to this paper should end their subscription and buy Hustler Magazine instead.
-GSD
Comment by GSD — July 31, 2007 @ 9:49 pm
Business as usual for me.
July 31st, 2007 at 9:50 pmThe Onion produces better and more accurate news than the WSJ will be dishing out.
July 31st, 2007 at 9:53 pmnever have bought it, gorn…
one person having so much power in communication
is just wrong…
to be able to further manipulate markets and the stories
July 31st, 2007 at 9:54 pmof business and trade, is downright scary…
.
Murdoch’s Dow Jones deal sealed: WSJ
Posted 52 minutes ago
Updated 48 minutes ago
Done deal: The Wall Street Journal (Reuters: Shannon Stapleton)
Related Link: The Wall Street Journal
The online version of America’s Wall Street Journal is reporting that Rupert Murdoch’s News Corporation has clinched the deal to buy the newspaper’s parent company Dow Jones.
The paper’s website reports that long-running Dow Jones owners, the Bancroft Family, are split over the sale, but that there are enough votes for the $US5 billion deal to go ahead.
It says the deal has been approved by the boards of both companies which met separately over the past few hours.
[...]
http://abc.net.au/news/stories/2007/08/01/1993776.htm?section=world
…
and so it goes…
July 31st, 2007 at 10:09 pm…
murdoch will not be running the venerable Wall Street Journal, he’ll be ruining it!
July 31st, 2007 at 10:14 pmWSJ, RIP.
The editorial page of the paper was always the refuge of the crazies, so most people never read it.
The rest of the paper was absolutely first class. The business news was always very well researched, and the “human interest” story was always a delight.
The WSJ is now going to turn into a right-wing, imbecile, newspaper. Pathetic!
July 31st, 2007 at 10:52 pmJust plain shit. Another national treasure plundered by the neolocons.
July 31st, 2007 at 10:53 pmI fully expect the Dow Jones Index and all economic reports to be tainted by Rupert Murdoch agendas.
July 31st, 2007 at 11:25 pmThinkprogress, you are such idiots!!
The Board for Dow Jones approved the deal, not Murdoch’s board! Check out reuters.com (the very source you used) for the correct information.
ONCE AGAIN, THIS IS ANOTHER EXAMPLE OF THINKPROGRESS SCREWING UP THE KEY FACTS IN THEIR BLOG POSTS.
Folks, you seriously need to re-consider any “facts” that Thinkprogress purports to post on their blog.
July 31st, 2007 at 11:25 pmWSJ – RIP!
Folks, you seriously need to re-consider any “facts†that Thinkprogress purports to post on their blog.
Comment by JT
No JT, you are the one that needs to observe the facts. Today both boards approved the purchase:
“The boards of directors of Journal parent Dow Jones & Co. and Murdoch’s News Corp. last night approved Murdoch’s unsolicited $5 billion bid for the company, according to a source. The offer received more than enough support from the deeply split Bancroft family, Dow Jones’s controlling owners.”
So JT, please let us know how TP got it wrong.
July 31st, 2007 at 11:52 pmI heard a very interesting supposition tonight on Rachael Maddow’s show on Air America. She and her guest were talking about the possibility that Rupert Murdoch’s real agenda is to totally destroy the credibility of news in general. If he is able to do that, peddling their propaganda will be much easier. If there are no investigative reporters and no news media that actually report the news, we are doomed as a nation.
July 31st, 2007 at 11:54 pmSwitch to the Financial Times and bloomberg.com. That’s what i have done.
August 1st, 2007 at 12:07 amhere is the picture, who owns it,
August 1st, 2007 at 12:07 amhttp://www.mediachannel.org/ownership/chart.shtml
6 company owns 90% of world media. They control the news and if they like brainwash anyone
August 1st, 2007 at 12:14 amhttp://www.mediachannel.org/ownership/chart.shtml
Nice going Bancroft family.
Ka-ching and blingity, bling, bling!
I suppose you all really needed the money far more than Americans deserve to know the truth about the world of business news.
Now would be a good time to take a long shower you were thinking about the whole time in order wipe the grime off from dealing with Rapert.
August 1st, 2007 at 4:02 amIsn’t Murdoch that crazy chap on the A-Team?
August 1st, 2007 at 4:03 ambilbobaggins, what is the basis for your “facts”? The News Corporation board approved the deal a long time ago; they had to in order for Murdoch to pursue buying the WSJ. The Dow Jones board approved the offer, as PREVIOUSLY approved by the News board, last night.
That’s how TP AND YOU got it wrong!
August 1st, 2007 at 12:01 pmI heard a very interesting supposition tonight on Rachael Maddow’s show on Air America. She and her guest were talking about the possibility that Rupert Murdoch’s real agenda is to totally destroy the credibility of news in general. If he is able to do that, peddling their propaganda will be much easier. If there are no investigative reporters and no news media that actually report the news, we are doomed as a nation.
Comment by bilbobaggins — July 31, 2007 @ 11:54 pm
What you heard was yet another liberal conspiracy theory. ;)
August 2nd, 2007 at 12:03 am