Rupert Murdoch Makes Promises

08 December 2007

May 4, 2007:

Most readers just write a letter to the editor. Mr. Murdoch offered $5 billion to buy The Journal's parent company, Dow Jones & Company. To do that, he must first win over the Bancroft family, which has controlled Dow Jones for the last 92 years and has so far resisted all of his overtures, in part over concerns of what he might do to The Journal. He insists he won't meddle in the journalism or slash-and-burn the staff.


He said that he admired the Dow Jones chief executive, Richard F. Zannino, and the newly appointed top editor, Marcus W. Brauchli, and would leave them in place. He said that he did not plan on bringing any News Corporation editors to the paper, but that he did plan to call on Robert Thomson, the editor of his Times of London and the former editor of the United States edition of The Financial Times, for advice.
Yesterday, well, Zannino was forced out and two News Corp. executives were brought in.

I guess that wasn't exactly true.

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