FCC commissioner: News Corp. acquisition of Dow Jones not a ‘slam-dunk’

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Washington, D.C.—FCC commissioner Michael J. Copps said last Wednesday in a prepared statement that News Corp.’s acquisition of The Wall Street Journal publisher Dow Jones & Co. is by no means a “slam-dunk.” The statement was made on the same day that Rupert Murdoch’s News Corp. sealed the deal to acquire Dow Jones for about $5 billion, or $60 a share. “This deal means more media consolidation and fewer independent voices, and it specifically impacts the local market in New York City,” Copps said. He added: “We should immediately conduct a careful factual and legal analysis of the transaction to determine how it implicates specific FCC rules and our overarching statutory obligation to protect the public interest.”
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