Well, I Used to Love Her

If you want a glimpse of what we can expect from the future Wall Street Journal under the tutelage of Rupert Murdoch, you can get a few hints from today's papers in the following stories:
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1) Side Deal in the Deal for Dow Jones (NYT)

By paying the bankers and lawyers for the Bancrofts, did News Corp. essentially buy off the family's advisers and, more important, did the family receive unconflicted guidance or was it pushed to do the deal by high-priced Wall Street advisers who stood to make far more if a deal was consummated?

So the deal was done corruptly, with the clueless Bancrofts being taken for a ride by their investment advisers who stood to get (even) rich(er) as a result of it; just like the CEO of Dow Jones, Rich Zannino, who withheld the news from his newspaper and then gave an extremely pro-Murdoch presentation to its board. Surprise, surprise, looks like Zannino gets to keep his job plus the twenty mil.

Read the whole Altercation here.