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Rupert Murdoch's Bid for Dow Jones

S

SiliconJon

Senior member
http://www.marketwatch.com/new...C-9F6B-AE8C30B58E16%7D
<blockquote>quote:
In addition to the financial terms, News Corp. Chairman and Chief Executive Rupert Murdoch has offered to create an independent editorial board to oversee Dow Jones' flagship operation, The Wall Street Journal. Dow Jones' other properties include MarketWatch, publisher of this report.
...
Murdoch made his [$5 billion] bid in April, putting a 67% premium on the levels at which the stock had been trading. Initially, the Bancrofts said they would reject the proposal, but several family members reportedly experienced changes of heart, arguing that the family should meet with Murdoch. A news release Thursday said the family would explore the News Corp. bid and also consider other proposals.</blockquote>

It's nothing short of terrifying that one man, nonetheless Rupert Murdoch, is in control of so much of the media, and now he aims to control the financial information market by controlling DJ. The results of the information outlets he controls is evidence enough to strike terror into the hearts of anyone who doesn't follow some sort of Nazi-like beliefs (alignment to the top or else, destroy all those opposed, etc). People are already far too willing to set aside ethics and morals in fear of either public or professional exile. With the economic prediction that the middle and everything below it are heading straight into very hard times, the ability to stand up for what's right is eroding right alongside our dollar's value if not faster. With a machine like this in control of so many employees and information it's nothing short of a disaster for us all (top .01% excluded).

I'm nothing short of amazed of what goes on right in front of our faces. It doesn't amaze me so much that there are people who are all for the motives that are behind the agenda of the current elite, as people will always be full of hate, fear, aggression, and ignorance or naïveté. What amazes me most is the amount of people who are too dull or engulfed in denial to see what is really going on.


EDiT: It's no longer a bid, it's now a deal.

http://investing.reuters.co.uk..._0_DOWJONES-URGENT.XML
 
It's not just that it's one man, it's one with such a political agenda that's so bad for mankind, and how much this gives him the propaganda power to sway the people in the wrong directions.
 
ya.

I remember reading a quote from him saying that he thought CNBC was too business unfriendly. I said what?????.

umm its not like they ever have union leaders on the show....lol.
 
I'm not really sure what the problem is.

1) The Dow Jones number itself is transparent - anyone can calculate it. If somehow Murdoch altered the Dow, anyone else could replace its function with the old system.

2) A right-leaning paper, the Wall Street Journal, is bought by a right-leaning man, Richard Murcoch. He probably won't change the tone at all because it is already right up his alley.

 
Originally posted by: dullard
I'm not really sure what the problem is.

1) The Dow Jones number itself is transparent - anyone can calculate it. If somehow Murdoch altered the Dow, anyone else could replace its function with the old system.

2) A right-leaning paper, the Wall Street Journal, is bought by a right-leaning man, Richard Murcoch. He probably won't change the tone at all because it is already right up his alley.
Click to expand...

The WSJ isn't as "right leaning" as you think. While the Opinion Journal is pure trash, the rest of the paper is quite good in terms of actual news. With Murdoch in control, i wouldn't be surprised if the Opinion Journal's style of content spills over into the other sections. My biggest fear of Murdoch taking over is that it'll turn into some sh*tty tabloid RNC talking memo like the NY Post.
 
Originally posted by: Phokus
The WSJ isn't as "right leaning" as you think. While the Opinion Journal is pure trash, the rest of the paper is quite good in terms of actual news. With Murdoch in control, i wouldn't be surprised if the Opinion Journal's style of content spills over into the other sections. My biggest fear of Murdoch taking over is that it'll turn into some sh*tty tabloid RNC talking memo like the NY Post.
Click to expand...
The WSJ is factual news mixed with right-wing trash masquerading as real news. The same exact thing happens as Fox News. The news on Fox is still factual, and actually mostly unbiased. Sure, it is nearly impossible to tell the difference between news and propaganda, because even the opinionists say they are Fair and Balanced. But, the news itself is still truthful. The WSJ will just mirror that style as it already does. It'll stay truthful and unbiased mixed nearly seemlessly with right-wing opinion.
 
Originally posted by: Ferocious
ya.

I remember reading a quote from him saying that he thought CNBC was too business unfriendly. I said what?????.

umm its not like they ever have union leaders on the show....lol.
Click to expand...

After their lineup change on Sqwuakbox last December, I would tend to agree with him.

BTW, they had a union leader on yesterday morning's show.
 
Originally posted by: dullardThe WSJ is factual news mixed with right-wing trash masquerading as real news. The same exact thing happens as Fox News. The news on Fox is still factual, and actually mostly unbiased. Sure, it is nearly impossible to tell the difference between news and propaganda, because even the opinionists say they are Fair and Balanced. But, the news itself is still truthful. The WSJ will just mirror that style as it already does. It'll stay truthful and unbiased mixed nearly seemlessly with right-wing opinion.
Click to expand...

Man, you have double-think down pat. <> represents "not equal"

news mixed with trash <> factual & mostly unbiased

propaganda <> truthful


 
Actually the way I see it the more the radical righties merge their forces the easier will be to target them in the Revolution.
 
Ummm ever heard of Ted Turner and CNN?

Remember when CNN was the ONLY cable news network in the country and was controlled by a radical left winger like Turner? where was all the crying then?

How about Bloomberg News? Owned by another liberal. (Ok he called himself a Republican to win the mayors office, but he is some strange hybrid Republican/Democrat.)
 
Soooo...you're saying that since there was something to worry about before we no longer have to worry about a similar or even greater threat now? I see the type of "argument" you just used to often, and it lacks any logic. Or are you saying that you believe your cries were not heard so now that someone under the drum-beat of your cronies is under fire it is wrong? I don't doubt your cries fell upon deaf ears in the past, as this polarization of the people has been a longstanding project, but that doesn't excust the latter.

Sign 1 that you're either insane or retarded: you can only think in blue or red [democrat or republican | liberal or conservative | left or right | etc ]. While one can characterize into these generalizations, assigning the majority of the population into the two is a gross fallacy.

This isn't about a republican. It's about someone who owns media that is notorious for lies and manipulations of the matter it spews under the guise of "news". It matters not whose "side" he does it for. It is just as wrong for him as it is anyone else. And for someone who oversees such blatant mainstream manipulation to be the head behind the purchase of the world's largest financial information corporation is obscenely dangerous to what this country is supposed to be.
 
Originally posted by: CPA
Originally posted by: Ferocious
ya.

I remember reading a quote from him saying that he thought CNBC was too business unfriendly. I said what?????.

umm its not like they ever have union leaders on the show....lol.
Click to expand...

After their lineup change on Sqwuakbox last December, I would tend to agree with him.

BTW, they had a union leader on yesterday morning's show.
Click to expand...

Contrary to popular opinion, labor is part of business too...covering business news doesn't just mean listening to the people with the big corner offices.
 
Originally posted by: ProfJohn
Ummm ever heard of Ted Turner and CNN?

Remember when CNN was the ONLY cable news network in the country and was controlled by a radical left winger like Turner? where was all the crying then?

How about Bloomberg News? Owned by another liberal. (Ok he called himself a Republican to win the mayors office, but he is some strange hybrid Republican/Democrat.)
Click to expand...

Bloomberg isn't actually controlled by Bloomberg. He needed to move his shares to a trust fund to eliminate a conflict of intrest.
 
Once they become more of Murdoch's garbage heap, it would serve him right if every real news outlet stopped quoting the Dow or anything from the WSJ.
 
Originally posted by: ProfJohn
Ummm ever heard of Ted Turner and CNN?

Remember when CNN was the ONLY cable news network in the country and was controlled by a radical left winger like Turner? where was all the crying then?

How about Bloomberg News? Owned by another liberal. (Ok he called himself a Republican to win the mayors office, but he is some strange hybrid Republican/Democrat.)
Click to expand...

That just the issue. The WSJ was not controlled by the Bancrofts. There was complete editorial autonomy. No paper is perfect when it comes to objectivity, but the WSJ was about as close as you can get. In fact, when news of the offer broke, the editorial pages were highly critical of the deal. Lets see the Fox News get away with criticizing Murdoch.
 
Originally posted by: JEDIYoda
much hullaballo about nothing!!
Must be a slow news day!!
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This thread is almost 2 months old; apparently it holds interest for some. Why not go back to the cannabis thread, which was obviously far more worthy of your time.
 
Originally posted by: Blackjack200
This thread is almost 2 months old; apparently it holds interest for some. Why not go back to the cannabis thread, which was obviously far more worthy of your time.
Click to expand...

Because it looks like today's the day the fit hit the shan and it happened.

RIP American jounalism. 🙁
 
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