Eugene David
...The One-Minute Pundit

Wednesday, August 01, 2007


TODAY IN MEDIA BISTRO:

Dow Jones Deal Gives Murdoch a Coveted Prize (NYT)
Rupert Murdoch finally won his long-coveted prize yesterday, gaining enough support from the deeply divided Bancroft family to buy Dow Jones & Company, publisher of The Wall Street Journal and one of the world's most respected news sources, for $5 billion. Dow Jones said early today that the companies had signed a definitive merger agreement after the boards of both companies voted last night. WSJ Publisher's Note: Readers should expect what they have always expected from the Journal, writes Gordon Crovitz. In an era when reliable, accurate and knowledgeable business news and information is more valuable than ever, the highest standards are good journalism and good business. NYO: Murdoch's triumphal night. NYO: It's not easy to get an interview with Rupert Murdoch. But if you do, it's easy to get a great one. E&P: Union at Dow Jones slams Murdoch victory. NYT: In the end, News Corp's capture of Dow Jones can be boiled down to one simple fact: Murdoch wanted it more, writes David Carr. E&P: Response from around the media to Murdoch's victory. HuffPo: News Corp's willingness to pay a large premium for Dow Jones is an acknowledgment that what the Journal does is important. But it is also a confirmation that resources need to be leveraged across mediums, writes analyst Lauren Fine Rich. MSNBC: Murdoch will tarnish a journalistic jewel, writes David Sweet. AJR: There has been a sense of inevitability about the dénouement of the Bancroft Family Soap Opera, writes Rem Rieder. NYP: Dow Jones' union is watching the clock. LAT: Deal extends Murdoch's global reach. LAT: Dow deal is a sign of dynasties' decline. NYT: Guessing Murdoch's strategy for the Journal. Guardian: Is Times of London editor Robert Thomson headed to the Journal? Marketwatch: Murdoch has a chance to prove critics wrong, writes Jon Friedman. NY Sun Editorial: Certainly [Murdoch's] success is something that all Americans, even his competitors, will hope for. Slate: Having bagged his trophy, how long will it take Rupert to bugger it, asks Jack Shafer. HuffPo: Murdoch's win is bad for journalism and bad for democracy, writes Josh Silver. BusinessWeek: Rupert's a 20th century newspaper guy — but this is the 21st century, writes Jon Fine. USAT: Media companies are noticing the sexiness of business news, writes David Lieberman. Times of London: News Corp. and Dow Jones have agreed on who will sit on a special committee to guard "journalistic and editorial integrity." Radar: "Annotated Murdoch" portrait takes pulse of staff on deal.


Please, PLEASE -- you guys MUST see a SHRINK.

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