Now that Rupert Murdoch appears to have his deal to buy Dow Jones, and with it the Wall Street Journal, it may be time to face a sobering truth: Murdoch's purchase might be the best thing the protesting news staff at the Journal can hope for.

The newspaper business is...

What might happen to the news pages of The Wall Street Journal if Rupert Murdoch succeeds in acquiring Dow Jones? The historical record varies. When Murdoch bought New York magazine and The Village Voice in 1977, he barely changed their editorial policies. But his takeover of the New York Post...