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Dodd Condems Murdoch Takeover Of Wall Street Journal

Finally -- one of the Democratic Presidential candidates has come out and condemned Rupert Murdoch's impending takeover of The Wall Street Journal. Here's a statement just released by Chris Dodd:

"I am deeply troubled by the incredible amount of consolidation occurring across the American media landscape. The power of the media is swiftly being limited to a few controlling hands, which poses a serious threat to our democracy. The foundation of our democracy rests in our ability to hear from a diverse array of sources so that we can make informed decisions. The Wall Street Journal has provided a valuable and important news choice to the American public for years.

"With News Corp's purchase of the newspaper, I am concerned that it will be very difficult for the Journal to offer fair and balanced reporting under the pressures of a giant-media conglomerate."

Given the extent to which the Dem candidates have been pushing back on right-wing media figures to appeal to the netroots and Dem primary voters, I'd expected more candidates to condemn the impending takeover. But until now, there's been nothing -- even John Edwards, who early on took the lead in pulling out of the debates sponsored by Murdoch's Fox News, hasn't weighed in on this.


17 Comments

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Murdoch's incentive for taking over the Wall Street Journal has as much to do with the access it gives him to Asia markets as it does with his takeover/consolidation of the US Media.

This is equally troublesome to me, since his influence will now expand exponentially to a region that is already suspicious of the West. The reason for this: The purchase includes the very influential version of the Wall Street Journal-Asia, along with its corresponding media outlets.

It is a market that is growing over 10 percent and explains, imo, his willingness to overpay for the WSJ as much or more than his reasons of ideology.

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Apparently, Edwards has been addressing the issues such as the Saudi Arms deal, or presenting today a plan to recharge America's competitiveness through improvements in technological infrastructure and investments in research and education.

That said, kudos to Dodd, who has the courage to speak out, particularly on war funding, when others went along in silence.

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kudos to Dodd, who has the courage to speak out, particularly on war funding, when others went along in silence.

In silence? Have you not heard Biden make stirring speeches in favor of continuing to give Bush blank checks?

But I agree with you on Dodd.

Best, Terry

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I should have been less vague. I was referring to those who went along with Dodd.

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I hope Dodd brings this up in his chat with Bill O'Reilly on Fox News!

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