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REGION: North America
TOPIC: Media
Online NewsHour
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Posted: August 6, 2007

Murdoch Bid on Dow Jones Advances

Wall Street Journal Rupert Murdoch's News Corp. got the go-ahead to purchase the Dow Jones & Co., including its crown jewel the Wall Street Journal, for $5 billion. Experts answered your questions about the impact on the media.
QUESTIONS
What are the concerns when a major media company owns the majority of financial news outlets?
Will the investigating and reporting staff be shaken up?
How will the deal affect the accuracy and balance of Barron's?
Are other newspaper families following the Bancroft family's lead and selling their papers?
Can the editorial board of the Wall Street Journal maintain independence?
Will the Wall Street Journal's focus shift toward Asia?
What can we learn from Rupert Murdoch's past acquisitions?

The purchase of the Dow Jones & Co. would add to Murdoch's $28 billion global media empire, which includes 100 newspapers, the Fox television network and the online social networking Web site MySpace.

Two guests answered your questions about how the deal may impact the media industry and business world.

Andrew Leckey, director of the Donald W. Reynolds National Center for Business Journalism at Arizona State University, has been a syndicated investment columnist for the Chicago Tribune for more than two decades. He also spent a decade as a business reporter for the ABC station in Chicago and five years as a financial anchor on the CNBC network.

Arlene Morgan, associate dean at the Columbia School of Journalism, worked for more than 30 years at the Philadelphia Inquirer, where she was assistant managing editor.


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