Monday, June 25, 2007
Reflection on the article The Battle on Dow Jones
I think that hat this is an excellent example of deregulation when it comes to the fierce competition between Rupert Murdoch and other people to buy Dow Jones. However, this is also a good illustration of the deregulation paradox where the market is only opened to big businesses and hegemonic agencies and people like Rupert Murdoch, so it doesn't serve its original purpose anymore, which is less competition and more competition. This also shows how media can be driven by impacts more than accuracy because there is no doubt that the Wall Street Journal and the news-wire services that Rupert Murdoch purchased are going to promote his ideas.
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