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Aug 1
My Advice for Murdoch - Wall Street Journal Worriers

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?

Rupert MurdochBecause 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 Rupert Murdoch and Hillary Clintonmade 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.

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9 Comments/Trackbacks




» 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]

Pretty good post. Not a Republican (not even close) and I haven't been following this story too well, but I agree with you. I think people get jealous of success and money and can't handle it when people do well at something be it business, art, parenting, what have you; it's sort of the same all over. You better not be too good at what you do and if you are don't discuss it because that would be rude. It gets old. Own what you do for pete's sake. Don't be obnoxious but own it. Good post -- From a hippie girl no less. :)

» Murdoch Lands the Deal with the Wall Street Journal from LandingTheDeal
The key to overcoming the political scrutiny and business hurdles was Murdoch's negotiation skills.The whole story can be read here.His ability to assure investors that his intentions were pure business, and not political, were key in getting the d... [Read More]

» Hippie Girl Sees My Murdoch Logic from BizCradle
You know you're on a roll when you can get the hippies to agree with your take on the news that Rupert Murdoch has purchased the Wall Street Journal!From Jennifer at OfficeStuffer (our website here at KMM about office accessories,... [Read More]

Dan...
As I said in my post on AdHurl, the so called American Liberal Media is a myth. If, for example, you believe CNN is a liberal network, you probably also believe we are winning in Iraq. I live in the most Conservative state in the US, where people are convinced anyone to the left of Ghengis Kahn is a communist and their "News Authority" is a fat drug addict by the name of Rush. I do however, manage to get the BBC World Service, so am able to update on more news than when Lindsey Lohan will next be out of rehab. You are right, the Wall Street Journal is already conservative. Under the "Wizened of Oz," I fully expect it to go to the right of Ghengis Khan. Glad I got that off my chest. I'll just have a drink now while I wait for the Department of Homeland Security stormtroopers to arrive and smash down the door.
Cheers/George

» Rupert Murdoch... The Gordon Gecko of media? from AdHurl
Dan Tudor over on BizCradle did a post earlier today singing the praises of the "Wizened of Oz" and how great it would be to have at least one truly conservative newspaper in the Liberal Sodom & Gomorra stranglehold most... [Read More]

» Our Respected Ad Expert Disagrees with...What Exactly? from BizCradle
I think George Parker, who has great posts over at AdHurl, posts about my reaction to Rupert Murdoch buying the Wall Street Journal.I think he doesn't agree with me; alas, his comment below focuses more on the political slant I... [Read More]

» Murdoch Buys Dow Jones - Wall Street Journal for 5.6 Billion Dollars and the Naked Paris Hilton - AdHurl. from WebMetricsGuru
Rupert Murdoch buys Wall Street Journal and Dow Jones  and Murdoch Wins His Bid for Dow Jones for 5.6 Billion dollars today.  "..The 76-year-old Mr. Murdoch, whose properties range from the Fox television network to the Times of Lon... [Read More]

» Much Ado about Rupert Murdoch, News Corp, the Wall Street Journal, Dow Jones, and the Bancroft Family from Know More Media
The news of Rupert Murdoch’s News Corp.’s recent acquisition of the Wall Street Journal and Dow Jones from the Bancroft family is a topic that has sparked much debate in the media. Some people are worried that Murdoch will... [Read More]

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