WASHINGTON, D.C. - Senator and Presidential Candidate Chris Dodd today issued the following statement in response to the News Corp. purchase of Dow Jones & Co. and the Wall Street Journal:
"I am deeply troubled by the incredible amount of consolidation occurring across the American media landscape. The power of the media is swiftly being limited to a few controlling hands, which poses a serious threat to our democracy. The foundation of our democracy rests in our ability to hear from a diverse array of sources so that we can make informed decisions. The Wall Street Journal has provided a valuable and important news choice to the American public for years.
"With News Corp's purchase of the newspaper, I am concerned that it will be very difficult for the Journal to offer fair and balanced reporting under the pressures of a giant-media conglomerate."
