Saturday, June 23, 2007
Dow Jones Independence Proposal a Non-Starter
If people thought the Dow Jones board's involvement in the negotiations with Murdoch would speed matters up, they must think again. The Dow Jones board has proposed to Rupert Murdoch a Special Committee on Editorial and Journalistic Independence and Integrity -- how pompous can you get? The proposal is apparently about the same as the one that the Bancroft family proposed in early June, and Murdoch's reaction was reported to be frustration. See NYTimes, Latest Plan From Dow Jones Is Said to Frustrate Murdoch; WSJ,Dow Jones Sends News Corp. Its Plan To Protect Editorial Independence.