NewsCorp Bid to Purchase The Wall Street Journal From Dow Jones & Co. Exposes Outrageous Effects

"Rupert Murdoch has always wanted to own The Wall Street Journal. But the Bancroft family, which owns a controlling interest in the newspaper's parent, Dow Jones & Co., does not want Murdoch to take control."

Check out this crazy interview where New Yorker columnist Ken Auletta offers his insights in a conversation with Steve Inskeep.  From the article on NPR:

How big is Rupert Murdoch's News Corp.?
News Corp. is a $70 billion company. It's probably the fourth-largest media company in the world. It began as a small newspaper company in Australia, under Rupert Murdoch's father. He expanded that dramatically and it's now the largest owner of newspapers in the world, with about 170 newspapers.

And now he wants a controlling share in a gigantic newspaper that's been owned by the same family for decades?
He's always wanted to own The Wall Street Journal. He told me that years ago. And when I was doing a piece two years ago on Dow Jones, and the family that owns, or controls, Dow Jones, they made it clear to me that the last person in the world they wanted to own that paper was Rupert Murdoch.                                                  
Why?
What they said to me was that they worry that his politics would spill not just on to the editorial page, which is close to his views, but on to the news pages. And they didn't want politics to bleed into the news pages.

Read the full story on NPR