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In a move that could complicate News Corp’s purchase of the Wall Street Journal, Democratic FCC commissioner Michael Copps wrote a letter to FCC chairman Kevin Martin asking him to investigate the deal. According to Broadcasting & Cable, Copps said he is concerned that the $5.6 billion combination would result in control of a network and two of the nation’s five largest newspapers by a single company and would result in the ownership of two newspapers and two TV stations in New York, the nation’s top market. Technically, the FCC isn’t reviewing the deal, so we’ll see if this letter does anything besides make news.
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In the first of several expected moves into the wireless arena, the Wall Street Journal has launched an edition of its content site for wireless phones. Other editions, including one for the RIM Blackberry, are forthcoming, the company said.
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NEW YORK, May 20 /PRNewswire/ -- A printed piece yesterday in the Wall Street Journal called on three United States Senators to re-instate a Homeland Security Rider that protects drug companies from liability against thimerosal, a mercury-based vaccine preservative. giving [vaccine makers] liability protection..."
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Positive financial news in the third quarter ... benefited The Boeing Company in eighth place, as the company reported strong financial results with a 27 percent boost in second quarter earnings that beat Wall Street projections. Meanwhile, its revenue grew 8 percent.
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