O. Casey Corr writes on the MSNBC web site that the media that has been busy bashing News Corp. CEO Rupert Murdoch for what he might do after acquiring The Wall Street Journal should get over it and realize the good he is doing in the media world.
“The immediate fear, of course, is that Murdoch will tilt the Journal’s coverage to serve his political or business agenda. Author Tina Brown said Murdoch’s ownership would be ‘a horror show. Very sad.’ Her husband, Harold Brown, was forced out of the The Times in 1981 by Murdoch.
“But another view is that Murdoch always puts his business interests first, and he would be foolish to tarnish the luster of the Journal. In 2003, James Fallows, writing in the Atlantic magazine, predicted that journalism under Murdoch and others would continue to move toward a more partisan style as in early 19th Century America.”
Read more here. Corr concludes that Murdoch did the Bancroft family that controls Dow Jones & Co. a favor. He wrote, “He caused a family that at times was inattentive, erratic or squabbling to grasp their company’s long-term vulnerabilities and see the errors of their stewardship.”
Business Insider's Tola Onanuga has joined Yahoo Finance in the United Kingdom as its homepage editor. She…
The Logic managing editor Jordan Timm sent out the following: I’m excited to announce that James…
The Upstate Business Journal in South Carolina has rolled out a redesign. Sherry Jackson, vice…
STAT News has named Lizzy Lawrence its FDA reporter, leading coverage of the preeminent food…
The Dallas Morning News is searching for an intrepid and curious breaking news business reporter…
BBC has hired Lily Jamali as its North America tech correspondent, based in San Francisco.…
View Comments
Murdoch is more famous for being a Media Mogul than anything else.He is associated with media since he was in college. So IMHO - he is not a fool to destroy a profit making entity like WSJ.