Wall Street Journal Welcomes Murdoch

Today’s WSJ has an editorial welcoming its takeover by Murdoch’s News Corporation. Granted, there are some subtle warnings to Murdoch buried in the gushing words about the inevitability of change, and the powers of “creative destruction”. Thus:

Editorial independence enhances the prospects for business success. The more credible a publication is, especially one that specializes in financial and economic reporting, the more readers and advertisers it is likely to have. We like to think our readers buy the Journal because of the credibility built over a century, and we believe this is the heart of the “value proposition” that Mr. Murdoch is willing to pay $5 billion to purchase. No sane businessman pays a premium of 67% over the market price for an asset he intends to ruin.

But overall, the entire piece had a tone that reminded me of a classic scene from the Simpsons. And, thanks to Youtube, I can now share it with you.

You may also like...

3 Responses

  1. Joseph Slater says:

    Brilliant comparison.

  2. Bruce Boyden says:

    One of my favorite clips ever. Right up there with “No matter who you vote for, your planet is doomed. DOOMED!”

  3. Scott Moss says:

    Dave, I see you posted this before Dan’s post about how you can go to jail for using 20 seconds of footage from a movie….