Henry Kissinger is reported to have once said, “Academic politics is so vicious because the stakes are so small”.
Update: Well, that didn’t long:
ABC News reports that Murdoch’s offer has been rejected. Nevertheless, the deal brought up some serious issues that Americans should paying more attention to. A small but vocal cadre in Congress does want to use the FCC and the Fairness Doctrine to target conservative influence in the media, most especially in the medium of talk radio.
As Stephen Spruiell notes, “The News Corp.-Dow Jones deal might be off the table, but left-wing efforts to curtail media freedom aren’t going anywhere.”