Whether you like it or not, the fact is that Murdoch managed to add Dow Jones to his expansive media empire. Sad? Yes, I can't help feeling that. In the protracted debate on Murdoch's bid, the forces supporting Dow Jones' editorial independence have been locked in a bitter fight with the forces seeking commercial profit. At the end of the day, money speak louder, and Murdoch's smiles are splashed across the frontpages of the world newspapers.
More sadly, the media, the special instrument to democracy, will continue to see concentration through merger or takeover. As Amercian scholar Mchesney pointed out, media concentration begets concentration, Murdoch's takeover of Dow Jones will spark a new wave of concentration. Other rivals like Financial Times or NBC, among others, will have to responde to the takeover to survive in the market dominated by jungle law.
I may have to say that in the age of capitalism, money is the master. You could fight for public interest, but at the end of the day, money will carry the day.
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