In 2007, Rupert Murdoch bought the “Wall Street Journal” for five billion dollars. The Bancroft families owned the controlling shares. Jackie Bancroft Spencer Morgan (“Jackie”) died in 2003. She never met Rupert Murdoch, but I believe that had she met him, she wouldn’t have liked him, and she wouldn’t have sold to him. Knowing Jackie as I did and her unique personality, she would probably have told him he was a liar and a cheat.
There is now a question as to whether Murdoch’s tabloid, the “New York Post”, hacked 9-11 victim’s e-mails and phones to get stories. It has already been proven that his British tabloid, “News of The World”, both hacked into celebrities and crime victim’s e-mails and phones and bribed police. The question has become did those bribes originate here in the U.S. but were paid in Britain by World News Corp., Murdoch’s master corporation. World News Corp. is traded on NASDAQ.
If this is so, the Foreign Corrupt Practices Act may have been violated. Some congressmen are calling on the FBI to investigate the corporation and Murdoch. The Murdochs are well-known for manipulating facts in the news. Jackie would never have tolerated him and certainly would not have sold her “Wall Street Journal” shares to him.
I write of Jackie and her attitudes in my book: “Observer: The Ronnie Lee and Jackie Bancroft Spencer Morgan Story, a tale of people, greed, envy, manipulation — even crime”