There doesn’t seem to be any legal obstacle to the News Corporation’s bid for The Journal: F.C.C. rules on media ownership are mainly designed to prevent monopoly in local markets, not to safeguard precious national informational assets. Still, public pressure could help avert a Murdoch takeover. Maybe Congress should hold hearings.
I detest Rupert Murdoch and all he stands for.
Paul Krugman is one of my favorite columnists (probably second to my classmate Frank Rich), and I rarely disagree with him in a major way.
This (Congressional hearings on a Murdoch takeover of the WSJ) may be his worst idea ever.
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