The evil media empire expands: Murdoch now owns the Wall Street Journal too

[draft_mario_cuomo]

:thumbsdown:

==By Frank Ahrens
Washington Post Staff Writer
Wednesday, August 1, 2007; Page A01

Rupert Murdoch has won the Wall Street Journal.

The boards of directors of Journal parent Dow Jones & Co. and Murdoch's News Corp. last night approved Murdoch's unsolicited $5 billion bid for the company, according to a source. The offer received more than enough support from the deeply split Bancroft family, Dow Jones's controlling owners.

The deal places America's premier financial newspaper in the hands of a 76-year-old mogul who owns what may soon become the world's largest media company. News Corp.'s properties include the Times of London, "American Idol," "The Simpsons Movie," Fox News Channel, MySpace, National Geographic television and a British tabloid that prints photos of topless women.==

==The colorful and controversial tabloid king faced strong opposition during his nearly three-month run at Dow Jones and whipped up worries that he would destroy the credibility of the august Journal. But in the end, his $60-a-share bid for the company -- which also includes Barron's financial weekly, Dow Jones Newswires and the Ottaway community papers -- proved too lucrative to resist. The bid represented an eye-popping 67 percent premium on the trading value of the stock before Murdoch's offer.==

http://www.washingtonpost.com/wp-dyn/content/article/2007/07/31/AR2007073100896.html?nav=rss_email/components

[MannyGoldstein]

1. Oh, OK - I'll Stop Believing The Editorial Page

Actually, it couldn't be more rabidly insane if Sir Rupert tried. Do you realize that the WSJ editorial page condemned Bush for pardoning Libby - their problem being that it wasn't a full pardon?

[draft_mario_cuomo]

2. The editorial page was always a joke. Now the news page will be like Faux, though nt

[BleedingHeartPatriot]

3. Murdoch makes public what has been private.

Good times. MKJ

[Double T]

4. Just when you didn't think anyone could put MORE of a spin on our 'great' economy...........

along comes the king of ALL faux with his version of the economy and business news.

[draft_mario_cuomo]

5. Exactly

"Stock market falls 500 points; Bill Clinton's penis to blame."

[Double T]

10. Who ever knew Bill Clinton's penis would ever be so far reaching.

[IndianaGreen]

6. Murdoch bought the respected Times of London and turned it into an upscale NY Post

He took the NY Post and turned into a sensationalist RW tabloid.

Murdoch will turn the WSJ into another of his rags.

[draft_mario_cuomo]

7. Is there anything the next president could do to reverse this cancer's spread? nt

[IndianaGreen]

8. It will take decades to repair the damage done by the Bush regime

We could do what Chavez did, and yank Murdoch's broadcast license, and breakup his publishing empire.

[draft_mario_cuomo]

9. Haha. I didn't know he did that. How did Murdoch and Faux react?

:D

[Perry Logan]

11. WSJ has been enemy propaganda--news included--for years. This will just make it easier to spot.

[Joe Bacon]

12. I'm waiting for Malkin to be a "PAGE 3" girl!

God help me, the mere thought of Pammy Atlas, Ingraham, Malkin and their ilk topless on page 3 of the Whore Street Journal... :puke: