Rupert Murdock Wants the Wall Street Journal

11 comments

The WSJ is reporting that News Corp made an unsolicited buyout offer for Dow Jones for $5 billion.

They also note how biased Mr. Murdoch is, which has also been reviewed in OutFoxed, Fox Attacks, and News Hounds:

Mr. Murdoch has tended to put a strong personal imprint on papers he owns, from the feisty tabloid New York Post to papers in Britain and Australia. He is known for phoning editors and even reporters about individual stories. The Post's media and business sections sometimes delight in skewering rivals, and Mr. Murdoch's political preferences have been clear in the news pages as well as the editorial page.

I think this is an example for the general trend of publishing. As publishing gets fragmented, it will be rebuilt based on biases. The biased channels will have more reach and capital to partner with or buy out whatever assets they see fit to shape the news and marketplace as they like.

Comments

>>The biased channels

Are there any unbiased ones? Bias has been around since the beginning of time

Rare as it may be...

I have to agree with SlyOldDog on this one.

Bias in news is not restricted to Murdoch, Maxwell, Conrad Black, or for those who have longer memories, Hugh Cudlipp and Vere Harmsworth.

The problem that traditional publishers have, however, is the old cry of the content thief: "information wants to be free". So, if you have an army of millions equipped with cameraphones and access to blogs, you no longer have as much of a stranglehold over the establishment (whether that be politics, or entertainment, or sports).

Rather than the issue of potential bias, I would have thought that the main interest in this was Murdoch shoring up his position in one of the areas where access to information is still institutionally and legally restricted, e.g. financial news.

>>Rare as it may be...

I'll get my coat shall I?

>>I'll get my coat shall I?

Life would be sad if we all agreed all the time and we certainly wouldn't learn anything! Just yanking your whatsit....

Google Jones?

Rupert's bid got rejected yesterday but it looks like it opened up the door for other companies.

Quote:
News Corp. may have opened the door for other bidders, including General Electric Co., owner of the CNBC news network, Haverty said. Washington Post Co., Gannett Co. and even Google Inc. may be interested, said Michael Chren, managing director of Allegiant Asset Management Co. in Palm Beach Gardens, Florida.

Via Bloomberg

Is it just me or does it seem that any company that is rumored to be acquired - Google is now automatically put in as a suitor?

I think it is another type

I think it is another type of spam. Analysts get coverage so long as they use the Google keyword.

Journalism is pure of heart - NOT!

The Wall Street Journal is just a brand named news media outlet. The idea that it is independent and pure of heart reporting the news without bias... bullshit.

Murdock is an Aussie and a very successful businessman, and the joke is on US citizens that actually watch Fox News and take it seriously. Watching Fox News in Australia is like watching the comedy channel. Fox News makes the US viewers who do take it seriously a laughing stock in Australia. It's like trusting Jerry Springer for a 'fair and balanced' view of the news.

No matter what country you live in, if you think you live in a free country with free and independent media that is credible and trustworthy without bias... you are a fool.

Even in China - the state run media is not taken seriously, the citizens know it's a farce.

Anyone in internet marketing should get the advertising revenue gained alongside 'content' news or otherwise ~ equation. News is not news, it's just content presented alongside advertising that appeals to a newspaper readership / TV viewers / radio listeners etc... demographic.

If you think the WSJ is at risk in terms of it's credibility being owned by someone who has been called on his bullshit several times... the current owners of the WSJ are only good at one thing in this case - (brand management) doing the same thing the whole time but getting more people to trust them and believe they aren't getting bullshitted.

Seriously...

how many other mega entities does this guy plan on buying in his lifetime?

Someone ought to open up rupertsbuying.com with running wagers on what he's going after next. ;)

Quote: the joke is on US

Quote:
the joke is on US citizens that actually watch Fox News and take it seriously. Watching Fox News in Australia is like watching the comedy channel. Fox News makes the US viewers who do take it seriously a laughing stock in Australia. It's like trusting Jerry Springer for a 'fair and balanced' view of the news.

First, Mr. Springer (as he should be addressed by your foreigners) is a very intelligent man. And, that's what makes him so lovable. He gave up on the crazy world, but survived his failure. So he has crazies on his show, and highlights just how real this world's craziness is. It's irony, live. And if you watch Mr. Springer, he is, just as we are, amazed at their craziness. Jerry is like the guy in Ground Hog Day only it happened to Jerry during a suicide. Wake up, still here, try again. It's genuine comedy. Brilliant, even.

Okay so anyway Fox News is also genuine comedy. Not brilliant, by any stretch, but still, when taken in context, beautiful irony. So beautiful that it persists year after year. I know well educated and reasonably sensible people who, in the face of absurd realities of this world we live in, can't wait to "see how Fox spins this!". And who else is going to give a shot at playing News Anchor to those who fail miserably trying to earn one?

Now Dominic, when you said this I agreed with you:

Quote:
No matter what country you live in, if you think you live in a free country with free and independent media that is credible and trustworthy without bias... you are a fool.

But, I have to ask you, sir, aren't we all fools? Honestly, a man is piece of parasite-infected meat in a soft shell walking around on a harsh planet for a mere microsecond of a lifetime (relative to his environment) and yet, he takes time and expends energy on issues of organization, "civilization" and "society"? Come on. It's all a joke. And we are all the fools. Except of course, those who have faith. God saves them. I'm not really sure why they watch Fox news.

..

Quote:
And we are all the fools. Except of course, those who have faith. God saves them. I'm not really sure why they watch Fox news.

Don't cha know God watches fox news all day long, every day.

If fox is good enough for the Christian God, it damn well should be good enough for you!

Quote:
Honestly, a man is piece of parasite-infected meat in a soft shell walking around on a harsh planet for a mere microsecond of a lifetime...

John, a rather depressing out look. I'm Glad I am not the only one that thinks that way.... ;-)

My bad - Mr. Springer. Point

My bad - Mr. Springer. Point taken another successful businessman. In Australia they censor the tits so the show really looses value for viewers over here if you know what I mean.

As for the God stuff, as a Catholic, all I can say is thank God for The Daily Show with Jon Stewart and The Colbert Report... I would be truly lost without their presence in my life. If more American voters watched those two shows than Fox News, the world would be a better place.

Your comment about a microsecond of a lifetime relative to our environment is possibly the most important insight any human can gain. IMO

As a member of a religion I guess I'm supposed to use that insight to help convince people they should become a part of the same religion as me (fuck where are my notes?)

But I'd rather people get your point and live life sober to that reality.

Perhaps the breakthrough would not be how people then treated others, but perhaps it would be how they treated themselves.

Until next time: Take care of yourselves and each other.

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