Tag Archives: Rupert Murdoch

The Panic of 1907

From Clarence Barron’s purchase of the Wall Street Journal in 1902 until 1907, America was on one of its cyclic booms. In 1907, however, “The Panic of 1907” hit Wall Street and the country. It was also called the “1907 Bankers’ Panic.” The New York Stock Exchange fell close to...

Jackie and Rupert Murdoch

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...

Murdoch and the Bancrofts

It has been reported that in 2007 when Rupert Murdoch was trying to buy the “Wall Street Journal” both “WSJ” management and the Bancrofts who owned controlling interest were concerned about journalistic independence. The “WSJ” had built its reputation for over a century on acquiring financial facts and following with unbiased reporting....

Murdoch and The “Wall Street Journal”

Rupert Murdoch and his son James, known to have right-wing philosophical agreement with such organizations as the National Center for Constitutional Studies (NCCS), prodigy of the John Birch Society, are shutting down their British tabloid. This comes as a result of being caught in a hacking and bribing scheme that apparently...