August 1st, 2007
01:35 PM ET
3 years ago

Senator blasts latest media transaction

(CNN)–Sen. Chris Dodd, D-Connecticut, Wednesday objected to the pending purchase of Dow Jones and Company, the parent company of the "Wall Street Journal", by News Corp.

News Corp. owns the FOX network, the FOX NEWS cable channel, the New York Post and hundreds of other media entities.

"I am deeply troubled by the incredible amount of consolidation occurring across the American media landscape," the Democratic presidential candidate said. "The power of the media is swiftly being limited to a few controlling hands, which poses a serious threat to our democracy. The foundation of our democracy rests in our ability to hear from a diverse array of sources so that we can make informed decisions. The Wall Street Journal has provided a valuable and important news choice to the American public for years."

After three months, News Corp. chief executive and media tycoon Rupert Murdoch finally succeeded in his efforts to purchase Wall Street Journal publisher Dow Jones and Company
in a deal the companies valued at $5.6 billion. In a joint statement, News Corp. and Dow Jones announced early Wednesday that enough members of the Bancroft family, which own a controlling stake in the publisher of The Wall Street Journal, agreed to approve the takeover.

Dodd, who represents Connecticut in the Senate, said he was concerned about the paper's ability to maintain editorial independence under News Corporation ownership.

–CNN Political Desk Editor Jamie Crawford


Filed under: Chris Dodd
soundoff (21 Responses)
  1. Greg, Phoenix, AZ

    I'm guessing he wouldn't have had such a problem with this if it was Ted Turner doing the buying.

    Partisan politics anyone?

    What a joke.

    August 1, 2007 02:00 pm at 2:00 pm |
  2. cliff jones, honolulu hi

    Sen.Dodd is a 100% correct on his stance against Murdoch owning the controling interest in the Dow Jones and Wall Street Journal.Will we ever learn? Common sense seems to have lost its way. This ego manic will push his hard right agenda through the editorial voice of the journal. Its conservative enough without him.

    August 1, 2007 02:12 pm at 2:12 pm |
  3. ReadBtwthlins

    This is a direct result of the liberal corruption in today's mass media. And as they continue to lose peoples trust, others more trustworthy, raise to take their place. Cable News is what’s giving us the most diverse array of new sources, Mr. Dodd. Are your plans to limit it? Censor it??
    Bias fairness schemes, we don't need..

    August 1, 2007 02:17 pm at 2:17 pm |
  4. Tom - Dedham, Mass

    This constant liberal whining has gotten out of hand. I heard the same crybaby noise on ABC and NBC last night when this story was run.

    Has anyone ever purchased a radio station, newspaper etc, etc who was a KNOWN BLEEDING HEART LIBERAL ever had their editorial independence questioned?

    NO FREAKIN' WAY. Strike 1.

    The newsrooms around this country were polled a couple years back and the overwhelming majority (somewhere near 80%) proclaimed to be liberal in the political views.

    Did we then have hearings and investigations on fairness in the media especially editorial and op-ed pages. Nope. Strike 2.

    Moderates and Conservatives had nowhere to turn for another viewpoint or a venue to express it, so talk radio became their grand oasis.

    Now liberals in the Senate and Congress want to bring back a fairness doctrine to squelch a non-liberal viewpoint even though NPR and other totally left leaning stations were given a chance to compete, but FAILED.

    Boo hoo, nobody wants to listen to the propaganda anymore and we need the government to FORCE people to listen to us.

    Strike 3.

    Congratulations to Mr. Murdoch, let the brainwashing begin, right libs?

    This Kool Aid and Green tea (thanks Rosie) is sooooo tasty.

    August 1, 2007 02:37 pm at 2:37 pm |
  5. Jenny, Rio Vista, CA

    Liberal corruption in today's mass media.......??????????? Where on earth did you get that tidbit? Fox Noise I presume. I would love to listen to a liberal opinion so please tell me where I can find it. Even Countdown with Keith Olbermann has intelligent guests who will not and does not spin information.

    I want to hear NEWS ...not other people's opinions. It's very hard to find real news any more. Bring back the days of Peter Jennings, Tom Brokaw, and Dan Rather.

    August 1, 2007 02:53 pm at 2:53 pm |
  6. Vinny, Boston, MA

    ReadBtwthlins:

    Judging by your comment, you have no idea what is going on. Dodd's statements have nothing to do with cable news, nor censoring.

    August 1, 2007 02:55 pm at 2:55 pm |
  7. Roger Morris

    "WHERE THERE IS SMOKE THERE IS FIRE"

    He wanted it bad, he got it.

    Now we just stop buying the paper and stop looking to the DOW for all stock related information. Go Bloomberg I say.

    It's that easy. Stop watching Fox News like everyone else. It's all PAID PROGRAMMING anyways.

    Thank you FCC for your "fair and balance" approach to our news and economy." Who's running what in Washington?

    August 1, 2007 03:00 pm at 3:00 pm |
  8. lavelle

    Well hell look at CNN there the wost at it. CNN is trying to spin the presidential campaigen along with all the other major media outlets. Its no secret but who will expose the media? the media?

    August 1, 2007 03:02 pm at 3:02 pm |
  9. Scott Austin, TX

    I'd post my opinions on this shady transaction but I'm afraid Murdoch's secret police would come after me and my family.

    August 1, 2007 03:28 pm at 3:28 pm |
  10. Greg, Phoenix, AZ

    Yeah, I'm going to base all my political beliefs on what a former ESPN anchor has to say.

    If you can excuse me, I must now go down to the Jiffy Lube to under go some major surgical procedures.

    To those of you who rely on Keith Olbermann for your political insight, PLEASE STAY AT HOME ON ELECTION DAY! We have enough problems in this country as it is!

    August 1, 2007 03:34 pm at 3:34 pm |
  11. Jo, Atlanta GA

    Greg, Phoenix, ...
    Let me guess FOX channel is the default channel on your TV and the landing page on your pc...

    Whoa... interesting you even checked out CNN's site.

    Balanced means he can buy what ever he wants but make it available to all. NOOOOO...your view and the view of what he wants is make its all Republican...

    Here in GA there is not one radio or TV station has has another point of view not even the sports channels or radio dial...

    WAKE UP AMERICA....he who controls the air waves controls elections.

    The truth; there are more democratic minds in the country than republicans... but they are so smoked out that they don't vote...

    Majority wins (unless u steal the elctions) .....

    Don't hate the guy bcos he can send his money...GO OUT AND VOTE...

    August 1, 2007 03:52 pm at 3:52 pm |
  12. john NY

    "Boo hoo, nobody wants to listen to the propaganda anymore and we need the government to FORCE people to listen to us."

    Yeah, thats why I don't listen to the wackos of right-wing radio!

    August 1, 2007 03:54 pm at 3:54 pm |
  13. Wayne, Wayland, MA

    Dodd is a joke.

    August 1, 2007 04:24 pm at 4:24 pm |
  14. Mike, Staatsburg, NY

    Notice all the people carrying on about "libs," the "liberal media," etc., can barely write?

    Like these barely-literate fools even read the paper...

    August 1, 2007 05:00 pm at 5:00 pm |
  15. Anonymous, Calif.

    Keith Olbermann is THE man and calls it as it is.

    He's the only liberal voice in the media to publicly attack FAUX News.

    Dodd is right...you neo-con's need to take the blinders off.

    Murdoch is a corrupt tyrant using his considerable influence as owner to portray so called news as a Republican propaganda machine – the most biased in history.

    August 1, 2007 05:51 pm at 5:51 pm |
  16. Janet, Fredericksburg, VA

    I agree with Senator Dodd. The FCC and its former director, Michael Powell is to blame when he supported the media's drive for ownership by a few. CNN (The Clinton News Network) is just as bad as FOX.

    August 1, 2007 05:54 pm at 5:54 pm |
  17. Greg, Phoenix, AZ

    Jo,

    I tried to read your post but it was so nonsensical I just gave up, sorry.

    Might I suggest that you go rent Dr. Strangeglove and just chill out with a bottle of wine or something.

    August 1, 2007 06:12 pm at 6:12 pm |
  18. Tom Dedham, Mass

    “Boo hoo, nobody wants to listen to the propaganda anymore and we need the government to FORCE people to listen to us.”

    "Yeah, thats why I don’t listen to the wackos of right-wing radio!"

    John from NY, what politician was forcing you or hoping to legislate you into listeneing to right-wing radio? None.

    In Mass you can listen to an array of viewpoints all through the dial and it is based on ratings and free enterprise on what stations with what formats survive. Capitalism and free thought at it's best.

    Liberals like Dodd however, want to mandate the type of talk shows you listen too and if that isn't a socialist idea, then I don't know what one is.

    I'll say it again, hundreds of card carrying LIBERALS have bought media entities and NOBODY ever questioned if their OP-ED and editorials would be able to be independent thinking.

    NEVER.

    August 1, 2007 07:41 pm at 7:41 pm |
  19. Jeff Spangler, Arlington, VA

    How can the WSJ be any _less_ of a mouthpiece for biased views under that Brit than it is now?

    August 2, 2007 08:12 am at 8:12 am |
  20. Jeff, Houston, Texas

    A great paper in the hands of another conservative pig with money. Just what we need.

    August 2, 2007 09:26 am at 9:26 am |
  21. Mike, Staatsburg, NY

    I saw a great example of what kind of a "news" organization Faux News was last night. CNN, MSNBC and Faux News were covering the bridge collapse in Minnesota, only Faux News was about 20-30 minutes behind the other networks. They had nobody covering the news conferences where the actual information was being disseminated, they were repeating old, since-proven-to-be-inaccurate information – it was pathetic.

    A NEWS organization would have had people on the ground tracking down and reporting up-to-the-minute, ACCURATE information. Yeah, yeah, it was in Minnesota. Well, that didn't stop every other NEWS organization from being there almost instantly and having it covered from every angle. That's what NEWS organizations do.

    Yes, the WSJ does have an opinion page that is oriented to the right, but it is nevertheless a respected NEWSpaper.

    Say goodbye to that now.

    August 2, 2007 10:52 am at 10:52 am |