Fox in Print
July 6, 2007 8:31 AM Subscribe
Newsfilter: Murdoch Buys The Wall Street Journal/Dow Jones
After some protests from editors about what sort of control News Corp. would have over the paper, a deal has been reached with the Bancroft family that runs the paper to sell for $5 billion. Murdoch gave up some demands for editorial control but still has the ability to hire and fire editors at will, making this the same sort of fig leaf agreement
he made with the Times of London.
posted by destro (53 comments total)
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