Jason Preston
Writing

Dow Jones "tentatively agreed" to Murdoch's offer

I have one particularly eloquent thing to add to this article in the NYTimes:

Nooooooooooooooooooo

Murdoch already owns everything from the Times of London to Fox News Channel—meaning that the chances of you picking up media in the western world that isn’t controlled by either Murdoch or Ted Turner are smaller than You-Know-Who’s You-Know What.

Not only that, but this is the man who is notorious for meddling in “news” articles, slanting information and somehow managing to cater to the most misinformed citizenry in the United States despite the fact that his cable news is “fair and balanced.” Inexplicable.

I think it’s a bad idea for a couple, basic reasons:

  1. Newspapers, especially the WSJ, aren’t dying yet and don’t need a lifeline.
  2. Having two or three people controlling 90% of the information we as people receive is just a bad idea. Did you see Wag the Dog? If Turner and Murdoch decided to fake a freaking War, we’d have no idea they made it up.

So please, Bancroft family, don’t sell!

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Tags: bancroft, wsj, wall street journal, murdoch, newscorp