Truemors
FOX News owner Rupert Murdoch now wants to control the one newspaper that tells the truth: the Wall Street Journal.
In a bid to control all of the world's major media, mr. Murdoch is facing serious opposition from teh family that owns the WSJ. After FOX News, is it safe for Murdoch, a foreign national, to own so much U.S. media and communication rights? Why is this not consider a breech of national security? Especially in light iof the documented fact that Mr. Murdoch is an avowed far-right advocate and supporter of neo-facist causes in his home country of Australia. Should not the U.S. intelligence community be concerned since we know that White supremacist organisations have attempted to work with Islamic terrorist organisations and that such organisations have already bombed U.S. federal buildings, abortion clinics, (as early as this weekend I believe) and the Olympics?
Oh, I forgot. The Bush administration removed White supremacist groups from the National Terrorist Database since there was no direct evidence that they constitute a threat to the American public or national security. But for the readers edification, the Quakers and other pacifist anti-war activist organisations are on the list as "credibe threats to national security."
Go figure. - The Angryindian
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From Intelligentaindigena:
NEW YORK (AFP) - A bare-knuckled battle looms over the surprise bid launched by Rupert Mudoch's News Corp. for <a href="http://www.afp.com/english/news/stories/070502155950.21ztfnbg.html">The Wall Street Journal parent Dow Jones Co., an offer that has shaken up the sluggish newspaper industry</a>.
The whopping five-billion-dollar bid has sparked fears that the Australian-born media baron would bring his style of sensational journalism to the white-shoe corridors of the most prestigious US business daily.
The Journal reported on its news pages Wednesday that the controlling shareholders, the diverse members of the Bancroft family, would oppose the deal despite the stunning 63 percent premium to the share price before the bid was unveiled.
Widely spread out, the Bancroft family holds 24 percent of the capital but more than 62 percent of the vote in Dow Jones.
But opposition is coming from other quarters to the bid by Murdoch to add the Journal and other Dow Jones media properties to his empire, which includes the Fox News Channel, MySpace, 20th Century Fox and the New York Post.
The Newspaper Guild local 1096, which represents Dow Jones employees, gave a clear signal of opposition:
"We believe a News Corp takeover would be a direct threat to the prestige, independence and unquestioned integrity of Dow Jones," the union said in a statement.
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