In his take on how the Wall Street Journal would respond if News Corp. got control, he talks about the already-unusually-long disclosures the Journal runs in any story that mentions an organization associated with Dow Jones. According the the WSJ stylebook, the writers have to explain the extent of any such business relationship. So then, what would happen if News Corp., which owns half the world, also acquired Dow Jones? What disclosure would have to be tacked on to the end of every story?
Shafer writes:
News Corp. publishes the Wall Street Journal and its international and
online editions, Barron's, the Far Eastern Economic Review, MarketWatch, Dow
Jones Indexes, and the Ottaway group of community newspapers. News Corp. owns
Factiva and co-owns SmartMoney with Hearst Corp. News Corp. owns 20th Century
Fox, Fox Searchlight, Fox Broadcasting Company, MyNetworkTV, Fox Sports
Australia, television stations of the Fox Broadcasting Group, as well as
stations in Eastern Europe and other cable channels around the world. News Corp.
owns or has large holdings in the satellite broadcasters DirecTV, STAR, BSkyB,
Foxtel, and Sky Italia. News Corp. owns or has large holdings in a dozen cable
channels, including Fox News Channel, FX, Speed, Fox Reality, Fox Sports Net,
Fox Movie Channel, Fuel TV, and the National Geographic Channel. News Corp. owns
two dozen newspapers around the world. News Corp. owns or has large holdings in
the Weekly Standard, Gemstar-TV Guide International, and many magazines. News
Corp. owns MySpace, FoxSports.com, and many other Web sites. News Corp. owns
HarperCollins Publishers, Zondervan books, MySpace Records, and News Outdoor
Group (billboards). News Corp. has a large holding in the National Rugby League.
News Corp. also owns businesses too obscure to describe here, such as
Broadsystem ("Closer contact. Great insight."), Milkround, and NDS.
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