News Corporation's first post-Dow Jones move hit a major snag when Murdoch's next coveted media target rebuffed a potential bid. On the possibility of a buyout, News Groper's (www.newsgroper.com) publisher said, "Unlike our colleagues at the Wall Street Journal, we are unwilling to forfeit control simply because it is in the best interest of our shareholders. We won't do it without a fight."
New York, NY (PRWEB) July 16, 2007 -- News Corporation's first post-Dow Jones move hit a major snag when Murdoch's next coveted media target rebuffed a potential bid. On the possibility of a buyout, News Groper's (www.newsgroper.com) publisher said, "Unlike our colleagues at the Wall Street Journal, we are unwilling to forfeit control simply because it is in the best interest of our shareholders. We won't do it without a fight."
While News Corp has yet to announce its intention to acquire News Groper, or even shown any signs of interest, News Groper remains convinced that Murdoch will soon make an offer. "Acquiring us is an obvious checkmate step if Murdoch truly intends to corner the market on editorial integrity," said News Groper's editor-in-chief, speaking on the condition of anonymity.
News Groper, which launched on July 16, 2007, features blogs, editorials and news analysis written by the most sought after politicians, celebrities, business leaders and dictators. News Groper's proprietary technology ensures that its editorial content remains open and honest by having highly trained satirists ghostwrite on behalf of named authors - without the celebrities' knowledge or consent. Bylines include Hillary Clinton, Mitt Romney, Lindsay Lohan, Mahmoud Ahmadinejad, Bill Gates and over 50 others.
To fend off a bid from Murdoch, News Groper's board is considering setting up an independent Editorial Control Council (ECC) to guide the company in the event of a bidding war among eccentric billionaires. The ECC, a 15 member group composed of America's oldest and wealthiest families, will have the power to fire the editor at will and rewrite stories that conflict with the their financial and personal interests.
About News Groper
News Groper (http://www.newsgroper.com) is an online blog network that provides relevant, satirical analysis timely to the news cycle. The site is produced in Brooklyn, New York and features the work of more than 50 pseudonymous writers.
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