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Wednesday, April 30, 2008

Murdoch broke 'the letter and the spirit' of WSJ agreement

Oh I am shocked. 1000000% shocked and then some. Just ask an Aussie about how great the media is now that he owns almost all of it down there. Lots of open exchanges of ideas on both sides...the right and the far right. For all of the theater that the Bancroft family delivered before selling they now look either like frauds of just plain stupid. Either works fine.

Four months after buying the Wall Street Journal, Rupert Murdoch has been accused by a special independent committee of breaking "the letter and the spirit" of an agreement to protect editorial integrity.

A five-strong committee established as a condition of the Bancroft family's $5bn (£2.5bn) sale of the paper's Dow Jones parent company to Murdoch has complained that it was kept in the dark over the resignation of the Journal's top editor.

Committee members say they were not told until after the event about the controversial resignation last week of the managing editor, Marcus Brauchli, which has prompted fevered rumours of a rift over the direction of the paper.

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