Richard Connor, editor and publisher of the Wilkes Barre Times-Leader in Pennsylvania, takes issue with some of the tactics that the Bancroft family have used in negotiating to sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. CEO Rupert Murdoch or another bidder.
“They are collectively ringing their hands in public about journalistic integrity when all they really want is money. And in the end, money is what this is all about.”
Later, he added, “I’ve bought a number of newspapers in my day and I’ve also bought a lot of horses. The sellers of each are not much different. ‘What’s really important to us,’ says the person selling a horse ‘is that old Tonto go to a nice home. He’s part of the family. Money is not our primary objective.’
“And that sounds so soothing to the potential buyer who assures the seller he or she has just the right home for a four-legged family member.
“Then they begin talking price and, suddenly, the seller makes it clear the horse will be sold to the highest bidder, good home or slaughterhouse.”
Read more here.
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"...ringing [sic] their hands" ?
This sort of thing happens in blogs, but newspapers should be different.
Anyone can make such a slip, but it is a shame that so many papers have decreased human proofreading. If I were writing an editorial in the paper that I published, I would expect someone to check it carefully.
@Jeff - I don't understand what you tried to say - but I think Mr. Connor is just calling "A Spade, A Spade". Thats the way it is and I think it will remain the same.
Some of the members on the board of WSJ are just shouting to try to improve on the BIG and Mr. Connor is right -in saying that, what every owner wants is $$. Period!:grin: