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 on Jul 6, 2007 - View this thread