The Wall Street Journal has sent out a press release announcing that it appears enough of the Bancroft family owners have decided to sell, so the Murdoch deal will go through.
Murdoch's News Corp will buy the company that owns the Wall Street Journal and Dow Jones for $5 billion dollars.
Among journalists, the Wall Street Journal's news section has been esteemed as one of the most highly trusted and respected media operations in the world.
At the same time, the Journal's op-ed section has been a joke, where right wing extremists engage in right wing corporate-political masturbatory fantasies which they posit as reality and truth.
Now, we have a company known for turning respected media into prostituted right wing propaganda vehicles taking over the WSJ.
It is only a matter of time before the self-respecting journalists and editors on staff at the Wall Street Journal will either retire or move on to un-tainted territory.
This is an opportune time for new media ventures to form. Smart leaders in other major media will surely start snapping up the current staff at the Wall Street Journal. It will be interesting to see, come October, when Fox takes it Fox Business Channel live, what percentage of the current Wall Street Journal staffers are still there, and again, in a year. My guess is by October 2008, there will have been a huge turnover-- and the Wall Street Journal will be saying what a disaster it will be if a Democrat wins the election... and how wonderful the Bush presidency has been for the economy.
Rob Kall is an award winning journalist, inventor, software architect,
connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media.
Check out his platform at RobKall.com
He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity
He's given talks and workshops to Fortune
500 execs and national medical and psychological organizations, and pioneered
first-of-their-kind conferences in Positive Psychology, Brain Science and
Story. He hosts some of the world's smartest, most interesting and powerful
people on his Bottom Up Radio Show,
and founded and publishes one of the top Google- ranked progressive news and
opinion sites, OpEdNews.com
more detailed bio:
Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind. Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big) to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization (more...)