{"id":552,"date":"2007-08-09T02:22:23","date_gmt":"2007-08-09T09:22:23","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=552"},"modified":"2007-08-09T02:23:51","modified_gmt":"2007-08-09T09:23:51","slug":"l-a-times-downplays-fcc-hurdles-for-dow-jones-deal","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=552","title":{"rendered":"L A Times Downplays FCC Hurdles For Dow Jones Deal"},"content":{"rendered":"<p>The Los Angeles Times <a href=\"http:\/\/www.latimes.com\/business\/investing\/la-fi-dowjones8aug08,1,976531.story?coll=la-headlines-business-invest&#038;ctrack=2&#038;cset=true\" target=\"_blank\">published an article<\/a> yesterday titled, <em>&#8220;Dow Jones deal prompts call to broaden cross-ownership ban,&#8221;<\/em> that included this passage:<\/p>\n<blockquote><p><span style=\"color:#0d00d0;\">&#8220;Federal rules try to limit media power by prohibiting a company from owning a newspaper and a TV station in the same city.<\/span><\/p>\n<p><span style=\"color:#0d00d0;\">Billionaire Rupert Murdoch&#8217;s News Corp. faces no such hurdle in its pending deal to acquire Dow Jones &#038; Co. and with it the country&#8217;s second-largest paper, the Wall Street Journal&#8230;&#8221;<\/span><\/p><\/blockquote>\n<p>I think it may be something of an overstatement to say that there are no regulatory hurdles. I wonder if the authors were aware of the following:<\/p>\n<ul>\n<li>Mr. Murdoch recently told <a href=\"http:\/\/www.time.com\/time\/printout\/0,8816,1638182,00.html\" target=\"_blank\">Time Magazine<\/a> that he would <em>&#8220;love to challenge&#8221;<\/em> the New York Times with the Wall Street Journal.<\/li>\n<li>Ken Chandler, a former Murdoch protege who once ran the New York Post, told the <a href=\"http:\/\/business.bostonherald.com\/businessNews\/media\/view.bg?articleid=1014600\" target=\"_blank\">Boston Herald<\/a> that Murdoch is, <em>&#8220;looking at taking on The New York Times. I think (Murdoch) is going to try to do to The New York Times what his Fox News did to CNN.&#8221;<\/em><\/li>\n<li><a href=\"http:\/\/media.guardian.co.uk\/site\/story\/0,,2139322,00.html\" target=\"_blank\">The Guardian<\/a> reported that, <em>&#8220;Mr Murdoch is planning to beef up the Wall Street Journal&#8217;s political and news reporting so it can compete with the New York Times&#8230;&#8221;<\/em><\/li>\n<li>FCC Commissioner Michael Copps <a href=\"http:\/\/hraunfoss.fcc.gov\/edocs_public\/attachmatch\/DOC-275689A1.pdf\" target=\"_blank\">recently said<\/a>, <em>&#8220;It&#8217;s interesting to hear the \u00e2\u20ac\u02dcexperts&#8217; claim the transaction faces no regulatory hurdles. Not so fast! This deal means more media consolidation and fewer independent voices, and it specifically impacts the local market in New York City.&#8221;<\/em><\/li>\n<\/ul>\n<p>With Murdoch already owning major newspapers and broadcasters in New York, and the evidence of his own statements and other reporting confirming his intention to compete locally in the city, it seems to me that there is good cause for the FCC to investigate the acquisition. In any case, there appears to be no cause to flatly declare that the deal faces <em>&#8220;no such hurdles,&#8221;<\/em> as reported in the L.A. Times (which itself faces regulatory hurdles with its parent, the Tribune Company, owning both the paper and KTLA TV).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Los Angeles Times published an article yesterday titled, &#8220;Dow Jones deal prompts call to broaden cross-ownership ban,&#8221; that included this passage: &#8220;Federal rules try to limit media power by prohibiting a company from owning a newspaper and a TV station in the same city. Billionaire Rupert Murdoch&#8217;s News Corp. faces no such hurdle in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12,1],"tags":[],"class_list":["post-552","post","type-post","status-publish","format-standard","hentry","category-big-media","category-general"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-8U","jetpack-related-posts":[{"id":542,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=542","url_meta":{"origin":552,"position":0},"title":"I Guess It Is Too Late","author":"Mark NC","date":"8\/1\/2007","format":false,"excerpt":"R. I. P. Wall Street Journal \"It's sad,\" said a veteran reporter at one of the domestic bureaus, who did not want to be named because of concerns over his career. \"We held a wake. We stood around a pile of Journals and drank whiskey.\" Something to think about... And,\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":479,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=479","url_meta":{"origin":552,"position":1},"title":"Trouble For Murdoch","author":"Mark NC","date":"6\/20\/2007","format":false,"excerpt":"While I still prefer my own proposal for Dow Jones, there are some new developments that we should keep our eyes on. General Electric (parent of CNBC) is talking with Pearson (parent of Financial Times) about joining to bid for Dow Jones. The deal would allow the Bancrofts to keep\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":430,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=430","url_meta":{"origin":552,"position":2},"title":"Murdoch Burned By Dow Jones Spurn","author":"Mark NC","date":"5\/8\/2007","format":false,"excerpt":"While Rupert is Wall Street Jonesin to expand his empire, the Dow J contingent just aint feelin it. Aside from the fact that the DJ's controlling family, the Bancrofts, have already expressed their opposition to the takeover; and the paper's union is firmly against Murdoch's proposal; and journalism experts have\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":540,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=540","url_meta":{"origin":552,"position":3},"title":"Save The Wall Street Journal From Murdoch","author":"Mark NC","date":"7\/31\/2007","format":false,"excerpt":"It's Not Too Late! Murdoch wants a more \"business-friendly\" finance channel.Despite reports this morning that News Corp. has secured enough support from the Greedy Bastards Bloc of Dow Jones' controlling Bancroft family, this fight is by no means over. The vote amongst the trustees is going to be close and\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":460,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=460","url_meta":{"origin":552,"position":4},"title":"An Alternative To Murdoch For Dow Jones","author":"Mark NC","date":"6\/4\/2007","format":false,"excerpt":"The Bancroft Family met today with Satan...er...Rupert Murdoch to discuss selling their soul...er...interest in Dow Jones. The meeting was a capitulation to an untrustworthy media baron whose word is about as reliable as a New York Post Page 6 columnist. At the meeting, Murdoch likely insisted that he has no\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":790,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=790","url_meta":{"origin":552,"position":5},"title":"Fox Business Network Jinxes The Markets","author":"Mark NC","date":"2\/12\/2008","format":false,"excerpt":"Dow Jones announced today that it will be adjusting the components of its Dow 30 stock index. This is the first change since Dow Jones, parent of the Wall Street Journal, was purchased by Rupert Murdoch's News Corporation, parent of Fox News and the recently launched Fox Business Network. The\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=552"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/552\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}