So after three months of dealing with the unharmonious Bancroft family, media mogul Rupert Murdoch finally got his way and sealed the deal with a $5.6 billion check to buy Dow Jones and Company to add to his already large media conglomerate.
Of course, there was much controversy over this deal. Murdoch hs said he wants the Wall Street Journal to compete with the New York Times, and plans to expand the Journal's political and international coverage.
Okay, so enough of that. You guys know about this already, right? So what do you think about it? Do you think the Bancroft family, the owners of the Wall Street Journal since its inception, should have given up this historic financial paper?
I'm interested in seeing how all of this turns out. Murdoch is as right wing as they come (heck, he owns the Fox News channel for Pete's sake), so let's see if any of that conservative residue shows up in the Wall Street Journal.
On media conglomerates competing against one another: how does this effect the news? In this age of instantaneous news and media convergence, how do you one-up another media outlet in news coverage without risking your credibility?
For instance, the Today Show and washingtonpost.com had the death toll from the Minnesota bridge collapse at four and seven, respectively...and now it's at five. How can the average American know where to get credible news?
It seems to me like fact-checking will be more important now more than ever.
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By Keosha Johnson
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