Modern Day Citizen Kane

Modern Day Citizen Kane
Originally uploaded by Phalanx.

You know I had been avidly following the story behind Rupert Murdoch's battle to acquire Dow Jones, and it's flagship publication The Wall Street Journal, and it just smacked of something out that Orson Welles classic piece of cinema.

it doesn't bode well for the "fairness" of the business press when a far-reaching business owns one of the top international media outlets for so-called "hard news" with a business slant to it.

Will we really see the change in the way news -- particularly news that could adversely affect any of Murdoch's other business ventures -- be covered differently? No, the change in editorially will be glacial and then maybe in 5 or 6 years from now the new face of the Journal will only be apparent those who style mavens who exude a talent for pattern recognition.