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Article: The Wrong Man for Dow Jones [Correction 5/15/07]
- Article from:
- The Washington Post
- Article date:
- May 7, 2007
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The sale of Dow Jones to Rupert Murdoch and his News Corp. global
media giant would diminish the news quality and integrity of the
Wall Street Journal and other Dow Jones publications and Internet
services, as well as the independence of a leading national
editorial voice.
The brand name, the major asset of Dow Jones, is based upon its
reputation for, and daily practice of, accurate, objective and
reliable business news reporting. It is this journalistic integrity
that has created and will continue to create shareholder value. It
would be damaged if Rupert Murdoch takes over Dow Jones.
In recent interviews about his offer, Murdoch said, "We are the
sort of people with the same traditions ...