FROM Louis Ureneck
Bancroft Family Agrees to Sell Dow Jones to Rupert Murdoch Australian Rupert Murdoch will become America's most powerful news executive if today's tentative $5 billion deal with the Bancroft Family gives him Dow Jones and the Wall Street Journal . Three dozen members of the Bancroft family were reportedly " deeply divided " over the deal which could threaten the credibility of the Journal. Did Murdoch make them an offer they couldn't refuse? Dow Jones stock was trading at $36 a share when Murdoch offered to buy it for $60. Louis Ureneck chairs that Journalism Department at Boston University.
The flight bumping heard around 'round the world Recent video of a passenger forcibly removed from a United Airlines plane is a worst-case example of what's happened since consolidation into just four US-based carriers. Management seems to be tone-deaf to a decline in service — and even abuse — of passengers.
Does 'hire American' mean fire a foreigner? US companies are allowed to hire employees from other countries with highly developed skills that can't be found here. President Trump says it's being abused as a way to find cheap foreign labor. We hear about the benefits—and the risks—of changing the H-1B program.