Dow Jones Board Approves Sale

The board of Dow Jones & Co. just voted to approve News Corp.’s $5 billion bid to buy the company. This is a disgusting action that further considates an already voiceless news market.

The Wall Street Journal is only one of three national newspapers. They already own one of the major four TV networks. No company should have that much control to decide what is news and what isn't.

As Josh Silver, Free Press Executive Director said, "Putting the Wall Street Journal -- which always has maintained strict separation between its newsroom and the editorial page -- and Fox News under the same umbrella is bad for journalism and bad for democracy. The fact that no law currently prevents such a merger is a grave policy failure that Congress should address through changes in media ownership rules."

News Corp. already owns more than 100 papers in Australia, Britain, the U.S., Fiji and Papua New Guinea; Twentieth Century Fox Film; the Fox TV network; HarperCollins Publishers and the popular MySpace Internet site. This new purchase will contine their quest to monopolize our news and information.


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