National Journal
William Powers says one of the miracles of the Wall Street Journal has been how consistently excellent it remained despite frequently daft corporate oversight. "In short, it has been a mediocre business but a terrific news outlet," he writes. "It does not follow that the best way to fix this imbalance is to reverse it, by selling one of the world's great newspapers to a man who, in order to keep making his piles, is almost certain to undermine many of the things that made the paper great in the first place."
>
Blethen: Murdoch's offer isn't encouraging for American journalism (ST)
