SlateIt's the latter with the Wall Street Journal. "A bigger seat at the policy- and regulation-making table is all the direct influence he expects to derive from owning the Journal," writes
Jack Shafer. "If the $5 billion he paid for the paper and its mother company, Dow Jones, swells his captain's chair into a sofa, the price will have been a steal." ALSO: What should we make of
Paul Steiger's recent comments about Murdoch?