Sunday, July 15, 2007
Death in Venice, Wall Street style
Columbia Journalism Review (CJR) has an interesting discussion about Murdoch and his papers' relationship to the rulers of democracies and China. The Wall Street Journal (WSJ) has been the philosopher of American capitalism but has not been so successful as a practitioner. CJR looks at how this happened which is why 'the philosopher' is now in play as a takeover target by Murdoch. I wish that CJR had, in looking at Murdoch, looked at the influence the WSJ claimed he had on Michael Powell, when head of the FCC, in blocking the sale of a satellite property to Dish Network; it ended up being bought by Murdoch's DirectTV at a lower price.