Rupert Murdoch Rules

Rupert Murdoch takes the helm at The Wall Street Journal.

It is a shocking statement of fact for those in the media business.

Murdoch, the press baron and crusading, take-no-prisoners tycoon, now has his hands on the world's premiere business publication.

His reputation through Fox News and his media empire is well known. He's been lampooned as Dr. Evil.

But some say he's just what the Wall Street Journal needs. Hold your breath newspaper readers. Here's Murdoch.

This hour, On Point: Rupert Murdoch's big win in his bid for Dow Jones and the Journal.

Guests:

David Folkenflik, media correspondent NPR

E.S. Browning, reporter and union representative at The Wall Street Journal

Jon Fine, media columnist for BusinessWeek Magazine

Jack Beatty, On Point news analyst and senior editor, The Atlantic Monthly.