The Bancroft family, which controls 64% of Dow Jones, said in a statement that they would meet with Rupert Murdoch’s News Corp. to discuss its $5 billion bid for Dow Jones, publisher of The Wall Street Journal. The family also said it would consider other bidders and options for the company. Read the Bancroft Family Statement Here
In the media, as in any industry, big corporations play a vital role, as so do small, emerging ones. When you lose small businesses (NOT saying DJ is by any means a small business) this leads to

Losing big ideas and independent, passionate thinkers who have to innovate and identify and deliver to niches to compete. They love what they do and thats why they are doing it when the big guys have such a (seemingly untouchable) dominance. Because of this they are

Quicker to seize new technology and think outside the square because they have to which means we have

Unique, exciting content and higher quality media and more diversity of opinion/thought and creativity which enables

People to be better informed and who, at the end of the day are receiving information and messages from more than ONE ORIGINAL MOTHERSHIP SOURCE.

FACT: People generalise, distort and delete information based on their previous experiences, biases, prejudice and passions.

When critical information flows to us from the media I think, based on the fact above, it is essential to know and understand the psychological/social/emotional AND economic factors driving your source - whether it be Fairfax, Dow Jones, News Corp, APN or a new blogger on the block.

Media companies e.g. NC and DJ have grown incredibly large and powerful, their dominance has become so detrimental to the survival of small, emerging companies.One alternative: bust up the big conglomerates.Ted Turner is founder of CNN and chairman of Turner Enterprises talks “My Beef with Big Media”