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Panel sees no evidence of wrongdoing at Dow Jones
FILE - In this Thursday, Dec. 13, 2007 file picture, Rupert Murdoch,
Chairman and CEO of News Corp, addresses a crowded Wall Street Journal
newsroom in New York as Murdoch's $5 billion-plus bid for Dow Jones & Co.,
publisher of The Wall Street Journal, cleared its final hurdle; Les Hinton,
left, became CEO of Dow Jones & Co., Inc., and Robert Thompson, second left,
is the new publisher of Dow Jones & Co. and The Wall Street Journal. The
independent committee charged with monitoring editorial integrity at The
Wall Street Journal said Saturday, July 16, 2011 it is not aware of any
wrongdoing at the Journal or its parent company, Dow Jones & Co. Dow Jones
is owned by News Corp., which is mired in a phone-hacking scandal involving
its British newspapers. FILE - In this Thursday, Dec. 13, 2007 file picture,
Rupert Murdoch, Chairman and CEO of News Corp, addresses a crowded Wall
Street Journal newsroom in New York as Murdoch's $5 billion-plus bid for Dow
Jones & Co., publisher of The Wall Street Journal, cleared its final hurdle
; Les Hinton, left, became CEO of Dow Jones & Co., Inc., and Robert Thompson
, second left, is the new publisher of Dow Jones & Co. and The Wall Street
Journal. The independent committee charged with monitoring editorial
integrity at The Wall Street Journal said Saturday, July 16, 2011 it is not
aware of any wrongdoing at the Journal or its parent company, Dow Jones & Co
. Dow Jones is owned by News Corp., which is mired in a phone-hacking
scandal involving its British newspapers. (AP Photo/Mark Lennihan)
By Sandy Shore
Associated Press / July 16, 2011
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NEW YORK—The independent committee charged with monitoring editorial
integrity at The Wall Street Journal said Saturday it is not aware of any
wrongdoing at the Journal or its parent company, Dow Jones & Co.
Dow Jones is owned by News Corp., which is mired in a phone-hacking scandal
involving its British newspapers.
The committee that monitors the Journal's editorial practices also said in a
statement that it did not believe Les Hinton's resignation as publisher of
the Journal and chief executive of Dow Jones was related to activities at
the Journal or Dow Jones.
Hinton resigned Friday. He had been chairman of News Corp.'s British
newspaper arm for some of the years its staffers are alleged to have
unlawfully accessed the voicemail messages of politicians, sports figures,
and celebrities in search of news scoops.
Thomas Bray, chairman of the committee, said the group did not conduct an
independent investigation to come to its conclusion.
"All we can testify to is what has or has not come to our attention," Bray
said when reached Saturday. "That's our function. We're not a police force."
Even so, Bray said the committee knows a number of staff members at the
Journal well enough that if there were a systemic problem like phone-hacking
or other illegal activities at the paper, he is "pretty sure we would have
known about it."
"Obviously, (there are) no flat guarantees about this sort of thing," Bray
said.
The Dow Jones Special Committee was formed in 2007 as a condition of News
Corp.'s $5.7 billion purchase of Dow Jones. The acquisition was seen as "the
cherry on top of the cake in terms of respectability," for News Corp.'s
chief executive Rupert Murdoch, says newspaper analyst Ken Doctor.
Murdoch agreed to set up the committee to ease concerns that the paper's
quality and independence would suffer under his control. Each of the group's
five members is paid $100,000 a year to monitor the editorial independence
of the Journal and Dow Jones.
"Those of us who watch the press didn't really expect (the special committee
) to have any teeth," said Doctor. "It doesn't surprise me that it hasn't
done an investigation."
Kelly McBride, senior faculty for ethics at the nonprofit journalism think
tank Poynter Institute, said that the committee is most like a traditional
standards committee that larger newspapers have. She said such groups rarely
have an investigative function.
Regardless, McBride said that the Journal's coverage of the scandal is
telling. "You can judge a newsroom by its work and in this case, the
coverage has been lacking," McBride said. "This is the kind of story the
Journal would be all over."
The resignation of Hinton and Rebekah Brooks, who ran the British newspaper
arm, suggests that Murdoch doesn't want the Journal, still one of the world'
s most respected newspapers, to get tarred in a scandal involving the tawdry
behavior of journalists at a British tabloid, Doctor said. The Journal, he
said, is one of the top global brands in business news, along with the
Financial Times and Reuters.
Protecting the Journal's reputation has become more important to Murdoch now
that the scandal has diminished his political influence in Britain, Doctor
said. Since the Journal had top executives from News Corp.'s British
operations, Doctor said it's important for the newspaper to get ahead of the
story and conduct an independent investigation "to be absolutely clear with
its reading public that it in no way used any of the techniques that News
of the World" is accused of.
There have been no allegations that the paper has been involved in phone-
hacking or other illegal activity and Doctor and other media-watchers don't
expect any such revelations.
For its part, Bray said the special committee will continue to monitor the
situation, through its regular quarterly meetings and other interim meetings
with staff and management.
In addition to Bray, a former editorial page editor of Detroit News, other
committee members are Louis Boccardi, former chief executive of The
Associated Press; Jack Fuller, retired president of Tribune Publishing Co.;
Nicholas Negroponte, co-founder of the Media Lab at the Massachusetts
Institute of Technology; and Susan M. Phillips, former dean of the George
Washington University School of Business. | TN
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: Home /
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: Nation
: The Associated Press
: Panel sees no evidence of wrongdoing at Dow Jones
: FILE - In this Thursday, Dec. 13, 2007 file picture, Rupert Murdoch,
: Chairman and CEO of News Corp, addresses a crowded Wall Street Journal
: newsroom in New York as Murdoch's $5 billion-plus bid for Dow Jones & Co.,
: publisher of The Wall Street Journal, cleared its final hurdle; Les Hinton,
: left, became CEO of Dow Jones & Co., Inc., and Robert Thompson, second left,
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