That unhappy episode occurred more than 25 years ago, according to the great newspaperman Harold Evans, who recounted his losing duel with Murdoch in his memoir "Good Times, Bad Times." But as Evans must have noticed since then, financial success and simple longevity have made his old nemesis almost respectable. More than one lickspittle analyst is eager to praise the emperor of News Corp. as a "visionary" because he founded Fox News Channel and bought MySpace.
Certainly nobody can quarrel with Murdoch's business acumen. His daring is as admirable as his character and philosophy are awful. He would proudly reply that he has no illusions. And certainly we should have none about him.
The usual Murdoch promises of editorial independence are not believable because he has misused his executive authority throughout his career -- and because he has repeatedly sworn that he would not do those things again, just before he does them again.
This pattern has persisted for three decades.
One of the most amusing examples was his brief political romance with Jimmy Carter during the spring of 1980, when the struggling president needed Murdoch's help in the New York primary against the insurgent candidacy of Sen. Edward Kennedy. What Murdoch needed was a low-interest, government-backed loan to buy Boeing jets for an Australian airline he then owned. Three days after they met at the White House, the New York Post published a front-page editorial endorsing President Carter -- and the following week, Murdoch's airline received a $300 million corporate-welfare check from the U.S. Export-Import Bank.
In the congressional investigation that ensued, Murdoch promized never again to do anything that could be so easily "misconstrued." Yet from London to New York to Washington to Beijing, his companies have consistently coddled politicians with admiring coverage and generous book advances, which have been reciprocated with regulatory and tax favors. The beneficiaries have spanned the ideological spectrum, from the right-wing Margaret Thatcher to the Marxist-Leninist daughter of Deng Xiaoping. All they had in common was their capacity to advance the interests of News Corp.
Meanwhile, the Murdoch media continually reaffirm their commitment to sensationalism, political bias and protection of the boss. As one of his employees explained in an unwitting moment on videotape, Murdoch journalism can be "a little bit like the Mafia." (The employee was terminated with extreme prejudice after those remarks were made public.)
What makes The Wall Street Journal so valuable to its readers and to American culture is the excellence of its news columns -- and their unpredictability. The Journal's news bureaus are strictly separated from the editorial section, whose medieval outlook is nearly identical to that of the would-be owner. Very often, straight reporting in the news section briskly disproves the fantasies of the editorial pages.
Under Murdoch, that legacy of superb reporting and editorial separation would die. As Andrew Neil, a former editor of the London Sunday Times recently explained in The Journal's own pages: "I think he would want the news to be informed by the editorial agenda."
So let's hope the Bancroft family, whose preferred Dow Jones stock makes them the trustees of The Journal's integrity, resists the temptation to cash out. Or if they succumb, let them not pretend that "necessary promises" mean anything beyond $60 a share.
© Creators Syndicate
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Albion Monitor May
17, 2007 (http://www.albionmonitor.com)
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