Is Rupert Murdoch good or bad for The Wall Street Journal? That's the
burning question. Today's WSJ editorial assures us, "No sane
businessman pays a premium of 67% over the market price for an asset
he intends to ruin." Well, nobody has said he intends to ruin it. To
use a favorite word of the WSJ editorial board, that's a
canard.
Rupe simply intends to run the Journal the way he wants. He has said
so himself -- emphatically. No sane businessman pays $5 billion for...
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