Rest assured, The Wall Street Journal will change

Steve Jagler, executive editor of the Small Business Times in Milwaukee, writes Friday that he fears the changes about to happen at The Wall Street Journal once News Corp. CEO Rupert Murdoch closes on his deal to buy its parent company.

Jagler wrote, “That independent voice and analysis is what makes The Wall Street Journal credible. In a country that offers only two viable political parties as options, there is ample reason to skewer both Democrats and Republicans, and The Journal plays no favorites.

“The question now is: Will The Wall Street Journal retain that credibility? That is doubtful, now that the publication’s parent company, Dow Jones, will be acquired by Rupert Murdoch’s News Corp., which owns and operates Fox News, the New York Post and other conservative media outlets.

“Many folks at Dow Jones opposed the deal. Numerous people posting on a discussion board at The Wall Street Journal’s web site promised to cancel their subscriptions.”

Read more here.