Rupert Murdoch is buying more than the news

News & Politics
This guest post from Jayne Lyn Stahl originally appeared on the Huffington Post.

Before you know it, Rupert Murdoch's News Corporation is going to own the news, and we don't hear a peep from the press, or the mainstream media.

In his bid to buy Dow Jones for $5 billion, last week, the Australian-born owner of Fox News, Harper Collins, the New York Post, and The Times of London offered an unprecedented $60 a share for the company's remaining stock options, and nobody blinked, except members of the Bancroft family, owners of the Wall Street Journal, and controlling stockholders of Dow Jones. But, insiders say, that for $10 a share more, the Bancrofts, too, may be willing to give it up for Rupert Murdoch.

Not only is no one in the mainstream media speaking out against the proposed takeover, but some even suggest it might not be a bad idea for this master at corporate monopoly to have his way with Dow Jones, and the Journal, arguing that, if a bit disfigured, the news will survive. After all, salmonella kills people, not sensationalism. And, if anybody's squawking, it must be behind closed doors where only family members can hear.

Where is outrage at the thought that, sooner rather than later, the Wall Street Journal will look just like the New York Post, and Fox News? Where is the angst not merely from the public, but from the press corps that a company called News Corp. can buy and sell what we read?

No one is asking what will happen to dissent, and a free press when big business and big news merge. Corporate profit, which has consumed the heart and soul of America, as well as the middle class, now looks to devour the information age like a bowl of sushi.

If he prevails, and acquires Dow Jones, Mr. Murdoch will lay claim to the second largest paper in the country, and the lion's share of newspaper profit. And, Rupert Murdoch will, once again, get to demonstrate his unfailing ability to flex, censor, and sway his way to the top.

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