Bob Richter, the public editor at the San Antonio Express-News, writes Sunday that he doesn’t believe News Corp. CEO Rupert Murdoch will micromanage The Wall Street Journal if he is successful in acquiring its parent, Dow Jones & Co.
“In 1992, we were set to endorse President George H.W. Bush for re-election. We backed him in 1988 and felt he’d done nothing to lose that support.
“However, sometime after the ’92 political conventions, either Larry Walker, then the Express-News publisher, or Sterlin Holmesly, the editorial director, heard that Murdoch had met Democratic challenger Bill Clinton at a Hollywood event, and was charmed by him.
“Holmesly asked Walker to ask Murdoch if he had a favorite, and Walker said he’d find out.”
Read more here. The paper never heard from Murdoch about an endorsement, and endorsed Bush.Â
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As Murdoch closes in on the Bancroft family, the key question is where will he go next.
For more consideration click here:
http://sneakybusiness.typepad.com/sneaky/2007/07/dow-to-sell-out.html
I agree completely with Bob Richter. Rupert Murdoch is more than what the speculations are.