Bancroft Family: Don’t Let Your Legacy–and Your Heirs– Be the Undermining of U.S. Journalism

We know money is important–and Mr. Murdoch has put a lot of it on the table. We also know that such funds will make the lives of the family and their future generations even more comfortable. But we call on the family to consider its historic role here. It has helped shepherd a publication with a important journalistic culture–one where many of their employees have embraced a mission essential to our democracy. We need serious-minded journalists more than ever–and Dow Jones has many. The Wall Street Journal can play a leading role over the next decade helping the U.S. address so many crucial issues related to the fate of the Republic, such as the environment, health care, public & private accountability. Mr. Murdoch has shown that independent and serious-minded journalism isn’t what he’s about. All you have to do is turn on Fox News. Is that the legacy you wish to leave?

I hope you confound the cynics who believe that everyone is for sale in our society, and make a statement that concern about democracy is more important.

Author: jeff

Jeff Chester is executive director of the Center for Digital Democracy. A former journalist and filmmaker, Jeff's book on U.S. electronic media politics, entitled "Digital Destiny: New Media and the Future of Democracy" was published by The New Press in January 2007. He is now working on a new book about interactive advertising and the public interest.

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