All that high-minded self-congratulations we heard from the Bancroft family the last couple of weeks about protecting the integrity of the Wall Street Journal and Dow Jones from the likes of Rupert Murdoch means nothing. Apparently they, like everyone else these days, have their price. Murdoch very well might have met it. Look, the editorial pages have been an atrocity for years, but the news section? Business in America would be a great deal less healthy were it not for the vibrant, ethical and sharp coverage of the news section.
According to the WSJ themselves, it looks like the younger Bancroft family members are the most in favor of reducing their paper to presumably nothing more than the same dumbed-down, factually questionable, tabloid journalism that Murdoch loves elsewhere.
