Gay Bankers: Dow Jones to Go Homophobic

You gay bankers and financial sector guys might want to pay close attention to Rupert Murdoch's present attempt to purchase Dow Jones, which publishes The Wall Street Journal. You see, Murdoch already owns the uber-conservative Fox network, as well as the gay-hating New York Post (see July 21st posting below), and a slew of papers and networks nationwide. Fears are, even amongst many WSJ reporters, that Murdoch would inject his own straight, conservative agenda within the publication. Murdoch, on gay marriage, says "I believe it is wrong."

The Bancroft family owns a majority of voting shares of Dow Jones, and they remain split on whether to accept the offer, as they, too, have some degree of fear that the company could be editorially compromised were Murdoch to own the WSJ.

The Dow Jones board has already approved a deal to sell the firm but it is unclear if the Bancrofts, who are the controlling shareholders, will follow suit given that several members have been actively courting alternative bidders.

More to follow, though if Murdoch buys the Dow Jones, we wouldn't rely on it for the details.