It’s a Go for Murdoch
It’s official. Shareholders of Dow Jones & Co. approved the sale of the publishing company to News Corp., a deal that was bemoaned by media but lauded by shareholders. The question is whether News Corp. is able to run the Journal without compromising the quality of its content. Of course, News Corp. Chairman and CEO Rupert Murdoch has pledged to keep the Journal’s reputation fully intact as a go-to source for business news. But how could he say otherwise? Only time will tell whether another monolith of a media conglomerate will force the ink to fade and yellow.
— Evan Pondel, Senior Associate, epondel@pondel.com
