Why Rupert Murdoch really wants to buy the Wall Street Journal...

[WCGreen]

If you are like me, you get your business news in several places but for up to the minute news effecting the markets and or the economy as a whole, I turn to CNBC...

Although CBNC employees several shaky overtly conservative commentators, Larry Kudlow and Bill Seeman come to mind, they also present a pretty good middle of the road approach to news...

One of the major reasons for this balanced reporting is because the Wall Street Journal and Dow Jones have a special relationship with CNBC...

And, even though the editorial page of the WSJ is this side of bat shit crazy, the newsroom has always been a model of great journalism, unbiased and clear, straight on...

All of that is about to change...

RM has a new jewel for his media crown, the Fox Business Channel...

Now if RM persuades the Dow Jones & Company board of directors that $ 50.00 a share is indeed a fair and balanced offer, look for the Journal to abandon it's relationship with CNBC and watch FBC become the new flagship for the Wall Street Journal...

Reporters are so upset at the WSJ that the newsroom staged a slow down on Thursday:

"Wall Street Journal reporters skipped work Thursday morning to demonstrate the need for editorial independence as owner Dow Jones & Co. weighs a $5 billion offer from Rupert Murdoch, the employees' union said.

Some Wall Street Journal employees across the country didn't show up for work, the IAPE-CWA union said Thursday in a prepared statement, also citing languishing pay talks. The walkout won't affect Dow Jones' talks with Murdoch's News Corp. or publication of Friday's Journal, company spokeswoman Andrea Grinbaum said."

http://seattlepi.nwsource.com/business/321751_wsjprotest29.html


We all know what that means. Neil Cavuto in charge of the news delivered on the FBC along with the Fox brand of sensationalism with a healthy slant to whatever RM is interested in investing in that day...

This is plain and simple a $5 billion investment in FBC and the marginalization of CNBC...

Or worse, CNBC chases the slant that FBC will almost certainly put on the news and then yet another cable outlet will have been marginalized by the crass but oh so successful RM...

Either way, the golden age of journalism, that started when journalism started to become a profession with ethical standards and lasted until the gutting of the fairness doctrine, has been holding on by a very thin thread....

Now it looks as if the news will be as yellow as it was when Pulitzer prodded the US into war with Spain in the 1890's...

Come to think of it, too much of the the daily goings on remind me of the 1890's...

Well, that's my two cents...

[blm]

1. Controlling the media means controlling the country's governance. They've been doing

it since they came out of the fascist closet in the late 90s.

Almost every major news outlet is under the ownership and control of fascists.

[WCGreen]

2. It's getting to look that way...

And it really accelerated when the Fairness doctrine was gutted...

[blm]

10. After 9-11 many of them dropped all pretense of being legitimate news brokers.

.

[slipslidingaway]

3. K&R n/t

[C_U_L8R]

4. Murdock will kill that brand with his touch

if your business decisions were riding on getting good information and analysis,
would you ever trust your livlihood to Rupert Fucking Murdoch ????
You'd have to be a Faux News watching idiot to fall for that one.

[WCGreen]

5. Yep, a Cavuto will be behind the desk at FBC....

Worse than bad...

I was so glad when he left CNBC...

The guy is one creepy dude...

[HughBeaumont]

9. Cavuto is one of the WORST and most unabashed of the fascists

Ever watch his morning show? During my morning treadmill, flicking past the infomercials, I always see him. And he has his cute little reich-wing questions on the screen ALL the time:

"Are Democrats doomed to failure?"
"Have analysts been wrong all along about George Bush's legacy?"
"Economy: Best in 10 years?"

This petulant slob is the last person America needs for financial commentary. I prefer people who tell it like it is, not tell it like it AIN'T.

Cavuto is a Roopy favorite; one who pushes the message to the outer levels of insufferability.

And what's with his fundamentalpatient hair? Dude, this ISN'T the 1980s.

[SeattleGirl]

6. This whole RM/WSJ thing has me shaking my head. I guess the

family that owns the paper cares more about money than about quality journalism (hmmmmm, they must be Repukes).

Keith Olbermann has been doing a series on Murdoch on Countdown. Makes me ill to think that he will get his grimy paws on yet another piece of the media.

[Phrogman]

7. Money to be made in spinning .....

the second great depression

[DemReadingDU]

8. Yep

A recession/depression is coming, maybe sooner, maybe later. RM and Fox want us to believe everything is going very very well.