A Trust Murdoch Won't Keep – Washington Post. A former WSJ reporter, now a Marine serving in Iraq, on the perils of Murdoch acquiring one of America's great newspapers. -CO
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And why NBC will.
Murdoch: I'm proud to be green
Making peace with John Malone comes at a price. I guess this means an end to the "Rupert Murdoch controls the media" stories ... for now.
And John Malone's Liberty Media also gets Rupert Murdoch's interest in DirecTV.
The Bancroft family owners of the WSJ don't want to, the employees are against it--but greedy shareholders may force the sale as Murdoch needs content for Fox Business Channel (DJ already has a content deal with CNBC).
Considering that Fox probably clears $5M on every "Idol" commercial break, could parent News Corp. have donated much more than $5M to last week's "Idol Gives Back" charity shows?
But went against it, as Rupert Murdoch seems more and more the eventual winner, like it or not.
The rank-and-file are understandably afraid that Dow Jones' product will be cheapened if Murdoch takes over the company (it's not the politics, as anyone who reads the WSJ's editorial page knows).
The NY Observer says that the Times has managing editor Jill Abramson personally supervising the comprehensive investigation into News Corp.'s business practices--Billo will be attacking the Times in every segment from now on.
Mixed Media - Forbes.com
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