Writing in The New Republic (registration required), former Wall Street Journal
reporter Roger Lowenstein offers some
comfort
for his former colleagues, many of whom are unhappy at the prospect of working
for News Corp. Lowenstein finds
it "extremely
doubtful that, after spending $5 billion to acquire Dow Jones, Murdoch would
take action to weaken the Journal's value, which derives from its position as
the respected authority on U.S. business." Sounds reasonable. In fact, Dealscape
has made much the same
point.
Remember, though, that News Corp. is a place where
this
goes on a lot. —Jeffrey Kanige
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