A Bill Moyers essay on Rupert Murdoch and The Wall Street Journal.

Run time: 03:52 https://www.youtube.com/watch?v=vA5z-quW2E8   Posted on YouTube: June 29, 2007 By YouTube Member: Views on YouTube: 0   Posted on DU: June 29, 2007 By DU Member: Coexist Views on DU: 1080

 

He might have ended...Unless we have been bought out, in which case you will hear an essay from Bill O'riely.

...news included.

but the editorial section is pretty fascist...probably made Rupert think it would be easy to take over and that all would be easy. I am impressed by the stand that the Bancrofts have taken against one of the biggest scumbags the world has ever known. Even if the Bancrofts cave in, they have put up a big fight - pretty hard not to jump at the opportunity to receive a 66% premium for your stock in a failing industry (newspapers are dying). If Rupert walks away, DJ stock is likely to break from 57ish to 30 - well below the price of DJ before Rupert made his bid public. Reasons being that DJ revenues are down in May, and Tribune reported some miserable numbers themselves since the bid was made public. I want Rupert to walk since I am very short the deal right now - although an accepted bid for $60 is still a winner for me, the deal falling completely apart would be major home run! I also want to see him walk because I really would hate to see his evil empire gobble up another major news outlet.