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Rupert Murdoch buys the Wall Street Journal
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Oct 17 2007, 7:33 AM EDT
lar294
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said on the show that he thinks Murdoch’s purchase was a positive thing because the “idea of someone pouring money into journalism is exciting.”
Ultimately, Edmonds said only time will tell. Shafer added, "You'll see that most
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Oct 17 2007, 7:30 AM EDT
lar294
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Edmonds said, In general the Wall Street Journal does have the expectation of profit which is in favor of short-term profits vs. long-term investments, but that
Some people like Michael J. Clowes say that the Journal has no where to go but up since its purchase by Murdoch. In a
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(Word count: 902)
Oct 17 2007, 7:23 AM EDT
lar294
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said, "You'll see that most newspaper companies are diversified, that is own broadcast and Web businesses, too, and are aggressively pursuing those markets.’Media
consolidation’ will end up preserving newspaper-style news values over time... Print has a lot of life left in it, I think.”SourcesBagdikian, Ben H., The
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Oct 16 2007, 10:48 PM EDT
lar294
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and controls
other media outlets including cable, satellite television, book publishing, and film.The media have been divided with the news of Murdoch's purchase because some critics such as Jack Shafer of Slate are worried that the media mogul will destroy the
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Oct 16 2007, 10:41 PM EDT
lar294
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of life left in it, I think.”
Sources
Bagdikian, Ben H.,
The New Media Monopoly
Boston: Beacon Press, 2004.
Noam Chomsky and Edward S. Herman,
Manufacturing Consent
New York: Pantheon Books, 1988.
Roberts, Johnnie L., "Forward into Battle"
Newsweek
13 Aug. 2007, pg. 38
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Oct 16 2007, 10:00 PM EDT
lar294
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The media has been divided with the news of Murdoch's purchase. Some publications such as ________ are worried that the media mogul will destroy the
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(Word count: 834)
Oct 16 2007, 10:02 AM EDT
lar294
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lar294
Oct 16 2007, 10:02 AM EDT for: no reason given
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