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.
Sounds like the article i saw about family owned newspapers sold to corporations. Basicaly it said that once they went public they no longer reported the news only what the board or directors liked.
I saw a discussion about this on CNBC earlier today. News Corp is saying that the business and financial news area is the only sector lacking in their company, which is true. I wouldn't personally like to see this deal happen because I like unbiased news that is more independent. But it's not really my decision I guess..
Good call on Rupert's Side. The Dow and WSJ are valuable established brands. With his MySpace purchase he is moving in on the US media space. Personally I hope they hold out and operate as they are currently. -D