I always loved reading the WSJ...until Rupert Murdoch bought it in 2007.
Lots of revelations in this article:
http://www.theguardian.com/media/2011/jul/13/wall-st-journal-murdoch-bancroft
Former Wall St Journal owners: 'We wouldn't have sold if we had known'
Bancroft family members, who controlled Dow Jones & Company, say they would have resisted Murdoch bid in 2007
"...The Wall Street Journal is the top-selling daily newspaper in the United States and a brand with global prominence. Founded in 1889, it long dominated American business publishing, becoming the country's first national newspaper. It routinely ranked in surveys as America's most trusted print publication.
The Bancroft family owned Dow Jones from 1902 and controlled it as a publicly traded company from 1963. Murdoch's bid was attractive. He offered $60 a share, a 67% premium, $2.25bn above the market price the day his offer was announced, at a time when newspaper share prices had been flagging for more than two years. Moreover, 14 months after the deal closed, in early 2009, News Corp had to write down the value of its $5.6bn purchase by $2.8bn.
The sale was contentious. Family members questioned Murdoch's journalistic practices and insisted on appointment of an independent panel to help safeguard the paper's ethics. There was negative press in the US about Murdoch at the time of the deal in 2007, although nothing to compare with the recent revelations..."
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Rupert Murdoch = FAUX NEWS