
In the interest of full disclosure, let do something that the mainstream media is reluctant to do, which is to offer up my political leanings: I'm a conservative Republican.
I felt the need to do that in light of the ridiculous worrying, criticism, fretting and hand-wringing that I see going on now that Rupert Murdoch has bought controlling rights to the Wall Street Journal. I want you to know where I'm coming from with my opinions on the matter.
Why?
Because the ultra-critical coverage is, unfortunately, a result of political leanings by the establishment media in my personal opinion. That establishment, also in my opinion, traditionally leans solidly left of center when it comes to politics.
Their problem with Murdoch is simple: He's a conservative succeeding in a liberal medium. He has a successful cable news channel, successful newspapers, and other media enterprises. The establishment media doesn't like it, and the result is that he is attacked repeatedly. If anyone would like to argue with my assertions up to this point, go for it in the comments box below.
Let me ask a question: Was there this much uproar when Ted Turner was spreading his cable empire throughout the world back in the late 1980's and early 1990's? Or course not. His expansion was "ground-breaking", "good for competition", and "revolutionizing the news business". CNN, TBS, TNT, et al were all good for television. Ted Turner is also solidly liberal on everything from population control to corporate taxes. Surprise, surprise...he didn't undergo the scrutiny that Murdoch has endured.
Look, here's what you need to remember: First and foremost, Murdoch is a businessman. He's in it for the money. The bottom line will drive his decisions with the Wall Street Journal (ironically, that's the same paper who's current opinions and coverage is routinely brushed aside by the establishment media as already "too conservative", so it's even more confusing to me why there is such an uproar now over the News Corporation take over of operations). Case in point: The man bought-out MySpace.com...not exactly a haven for conservative thought and discussion, right?
Will his personal politics come into play from time to time? I'm sure they will, but no more than Dan Rather's, Brian Williams', Ted Turner's, and the rest of the bunch that are praised for the same bias in reporting that Murdoch is feared to be on the brink of bringing to the already right-leaning Wall Street Journal.
I also wondered today if the same critique and fretting would be going on if David Geffen or Ted Turner or George Soros would be the individual that was buying controlling share of the Wall Street Journal? My gut (and my brains) tell me that the exact opposite would be true. A move like that would probably be considered "a breath of fresh air" and "invigorating" for the old rag.
Like I said, Murdoch is in the deal for the money. He's a savvy businessman. He
made headlines for saddling-up to Hillary Clinton already, so he isn't afraid to put his personal political leanings on the back-burner if he thinks it will further his business interests. I don't expect anything to change now that he is taking over a newspaper largely read by just the financial community and business leaders.
What really ticks-off Rupert Murdoch haters is that he's successful, and he's managed to build a little media empire outside of the establishment media, and outside of their traditional political leanings. The fact that he is successful, that his media entities are profitable, and that his business ventures make money get lost in this story...almost completely because he is a conservative making waves in a traditionally liberal pool.
The Rupert Murdoch worriers should take a deep breath, exhale, and relax. Not much will change at the Wall Street Journal.






» Rupert Murdoch's Purchase of Wall Street Journal Will Result in Sales from TopLeadGenerators
The publicity has been unreal over the purchase of the Wall Street Journal by media tycoon Rupert Murdoch. I've made the point that the fuss is largely political, but lets put that aside for a moment and focus on the... [Read More]
Tracked on: August 1, 2007 6:08 PM | Permalink to Trackback