News news with a sprinkling of Murdoch hate.

Rupert Murdoch recently bid on Dow Jones, the company that owns WSJ. Thankfully the Bancrofts and their fellow shareholders see their ownership of Dow Jones as the responsibility that it is. There is an excellent article on the front page of the NYT (print copy) today, which is reprinted here, which discusses the reasoning behind Dow Jones' dismissal of Murdoch's offer.

The argument is best summed up by this excerpt:

“As an investor, I would be very concerned to live in an era of making investment decisions based on the Murdoch-filtered business information,” he said. “As a citizen, I would be afraid to live in a world where news is solely entertainment, and there is an agenda behind every story I read, watch or hear.”

I am so impressed that I am subscribing to the WSJ webpage, and maybe to the print edition, as we speak. Maybe if enough people have this response Dow Jones won't be in a position where they need to be worried about being bought out.