When Moguls Attack!

The author offers opinions on Rupert Murdoch's offer to purchase Dow Jones, owner of "The Wall Street Journal." The pessimism in the U.S. newspaper industry is noted and found to be an overreaction. The public role of newspapers is said to be vital to a functioning democracy. Newspaper editors and publishers are urged to regain their self-confidence. They should not let Wall Street investors shape their self-image or alter their mission.