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Inaction is more like it. This morning's NYT story about how several top Journal editors were aware of Rupert Murdoch's bid for Dow Jones - and didn't report it - is raising the predictable hackles at journalism's ivory towers. Todd Gitlin, professor of journalism and sociology at Columbia University, talks about a collision course between corporate interests and newsgathering. But Rick Edmonds, an analyst at the Poynter Institute, correctly points out that ME Paul Steiger was pretty much stuck when Murdoch sent him an email about the offer that was stamped "personal and confidential." By the way, the SEC filed charges against a Hong Kong couple for insider trading related to their trading of DJ stock between April 13 and April 30. Crain's NY Business
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.