What’s the Problem?
I just don’t understand the Bancroft family’s reluctance to sell Dow Jones and Co. to Rupert Murdoch on the basis of editorial independence for The Wall Street Journal. The editorial page pf WJS is already one of the most right-wing editorial pages in the country; what about Rupert Murdoch’s politics will not mesh with that? OK, maybe they’re concerned with reports that Murdoch has killed stories in his New York Post that didn’t make his best friend China look to good, but again would something like that end up on the Journal’s editorial page? If the Bancrofts don’t want to sell they need to tell the man no; otherwise, put up or shut up.