Murdoch to buy Dow Jones

It looks like the Bancroft family (or enough of them at least) are on board with selling Dow Jones to News Corp. What does this mean for the nonjournalist? (Following AP style on that “non” word, even though it looks crazy.)

Well, Rupert Murdoch is the man behind Fox News. And MySpace. (Not the original MySpace — the current MySpace that’s being beat out in many, many ways by Facebook because no one has made any updates to it in the last two years.) And a coming-soon business channel.

I have to agree with MSNBC.com columnist David Sweet:

The Mona Lisa should hang in a museum, not a subway platform. The Statue of Liberty should stand unvarnished in New York Harbor, not draped with corporate logos.

And The Wall Street Journal should be owned by a company dedicated to maintaining its integrity, not one grasping to find content for a yet-to-be-launched cable channel.