My beloved Wall Street Journal
I absolutely love my Wall Street Journal. Even better, I have never paid a penny for my subscription. I cash in airline miles to get the best paper around. Now that Rupert Murdoch and News Corp. will buy Dow Jones the big $60/share question is "how will the paper change?".
Lesson #1: Money talks, bullshit walks. Or, money buys anything. If your shares trade in the mid-$30's and someone offers $60, you can kiss a century of family legacy and haughty journalistic principles goodbye.
Lesson #2: You can't be a public company and expect to act privately. Especially when your editorial page pounds the loudest drumbeat for the potency of the free market.
Lesson #3: Nothing is sacred. Everything changes.
Therefore, I plan to continue reading with an open mind and will ride the wave of changes. If I become disappointed, I can always exercise my free market rights and cancel.
Lesson #1: Money talks, bullshit walks. Or, money buys anything. If your shares trade in the mid-$30's and someone offers $60, you can kiss a century of family legacy and haughty journalistic principles goodbye.
Lesson #2: You can't be a public company and expect to act privately. Especially when your editorial page pounds the loudest drumbeat for the potency of the free market.
Lesson #3: Nothing is sacred. Everything changes.
Therefore, I plan to continue reading with an open mind and will ride the wave of changes. If I become disappointed, I can always exercise my free market rights and cancel.
posted by Bob at 6:53 AM
1 Comments:
I enjoy the WSJ as well. The reporting is superb and the editorials are finely crafted pieces that I usually learn from even as I'm disagreeing with most of them.
I wish Murdoch had bought a small country or a couple of congressmen instead.
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