Category Archives: publishing

Do Fox News, or the New York Post, or the Sun, have editorial independence
or integrity?
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Murdoch is already a global statesman, and he has
been one for decades. In fact, he has been the most powerful press baron in
the world for many years now. Owning the Journal would, at the margin, increase
his influence. But Rupert is not some déclassé billionaire with
more money than clout.
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Have Dow Jones journalists really been so beaten down by mismanagement and underinvestment that they can’t recognize an optimist when they see one?
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There’s a good rule of thumb in any takeover battle, when looking at the target
company: if the company’s competitors oppose the deal, it’s probably a good
deal. Let me add another: if the company’s present owners start falling back
onto soaring rhetoric in defense of the status quo, it’s probably a good deal.
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There are limits to the effectiveness of Rupert Murdoch’s
charm offensive, it would seem. Judging by today’s news, indeed, the offensive
seems to have worked only on the journalists who were physically in the room
with him when he was putting his case.
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The Rupert Murdoch charm offensive hits the New York Times
today, which features a long
interview with the man himself. And give him credit: he says all the right
things.
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Has Rupert held out a promise of editorial independence for the Wall Street Journal?
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