Goodbye, WSJ?
When it was announced that Rupert Murdoch was making a bid for the Dow Jones Company a lot of people “in the know,” or at least claim to be, said Murdoch buying Dow Jones shouldn’t be reason for alarm. They said that while it’s certainly true that Murdoch is politically Conservative he does not interfere with his newspapers; that profits are what he’s interested in. Well, I had to called bullshit on that. The man has run The Weekly Standard at a loss for years just in order to push a political agenda. His Fox News Channel is little more than a mouthpiece for the Republican Party. Now, it’s come to light that Murdoch has personally pulled stories that would not be in the best interests of his company. Letting Rupert Murdoch have control of one of the world’s premiere financial newspaper would be a mistake and I hope the Bancroft family realizes that.