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Media Mogul, Rupert Murdoch has shocked the journalism world by his $5 Billion bid for Dow Jones and its newspaper, The Wall Street Journal. It’s a very lucrative offer, and in fact even far higher than the marketplace value.

Rupert Murdoch runs the Media Conglomerate, News Corp. (NWS), which owns the very conservative Fox Network.

The bid is not only a shock within the financial and the journalism world, but in the political arena as well. There is no doubt that Rupert Murdoch is a very “Right Leaning” conservative, and this is what concerns many of the Democrats, liberals, and many journalist as well. Many of these journalists come from within The Wall Street Journal.

From what I gather, the Bancroft family, who have a majority of the voting power, is opposing the deal.

But how do I know that objectivity will be lost in The Wall Street Journal just as soon as Rupert Murdoch takes over? Exhibit number one, The Fox Network, the most un-objective, “right leaning”, conservative News Network in The United States.

Now, in my opinion, the editorial section of The Wall Street Journal, at present, panders to the right wing motives of the Republicans. But having the editorial section go extremely overboard in conservatism isn’t really the main anxiety that I have over the proposed bid. The most important loss that I would hate to happen is the loss of objectivity in the News Section of The Wall Street Journal which is by far one of the best works in journalism today.

If we allow this politically motivated tycoon, Rupert Murdoch, to take over the most reputable global newspaper in the world, then indeed, information domination for Rupert maybe nearby.

Rupert Is Not Deterred

But Murdoch has not become the business success that he is today by shying away from a challenge, and The Wall Street Journal has recently reported as to the extent that Murdoch is willing to go,

News Corp., launching a two-pronged offensive, is planning to take its case for buying Dow Jones & Co. to the media company’s controlling shareholders, the Bancroft family, and directly to the newsroom of the company’s flagship, The Wall Street Journal.

But, in the end, the money talks, and The Bancroft’s may just open the whole thing up to an open bid. Let’s hope that Murdoch won’t be the winning bidder.

The “Murdochization” of the world may just be the the final nail that will be driven into the coffin of journalistic objectivity. In short, Murdoch is now taking over the world of information. And you won’t know, because his papers won’t tell you about it.

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