Tuesday, December 16, 2008

The Worst Lede Of The Day...

...goes to Rob Cox and Lauren Silva for "Murdoch Investors Are Groaning," a "breakingviews.com" story on page B2 today that chronicles the shifting noises and facial expressions of corporate shareholders in the wake of last year's Murdoch merger:

A year ago Dow Jones shareholders voted to sell their company, the publisher of The Wall Street Journal, to Rupert Murdoch's News Corporation. At the time, there was much teeth-gnashing among members of the Bancroft family, descendants of The Journal's founder, who controlled Dow Jones. The price, Murdoch paid, $5 billion, stifled most of these groans. The grumpiest Bancrofts should now be smiling, even as the News Corporation shareholders grimace....

Got that? The Bancrofts have stopped groaning and gnashing their teeth, and are now smiling. News Corporation shareholders are now grimacing.

Some interactive video might have been helpful here, just to clarify the situation.

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