Former Wall Street Journal managing editor Paul Steiger, who was criticized for not speaking out against News Corp. CEO Rupert Murdoch‘s offer to buy the paper’s parent company, Dow Jones & Co., said at the Asian American Journalists Association annual meeting that he was conflicted, but felt he needed to keep quiet.
“In addition, he said, ‘I just wasn’t convinced that acquisition by Rupert Murdoch was the worst outcome.’
“Indeed, Dow Jones didn’t have much choice. ‘Really, the only alternative to Rupert was to go it alone.’
“‘That was always my preferred alternative,’ Steiger said. But once Murdoch made his offer public and the controlling Bancroft family announced that it would entertain bids for the company, ‘the toothpaste was out of the tube.'”
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