Your Daily Murdoch-WSJ Update

Hey, it looks like Ken Auletta was right. The New York Times is reporting that in the (increasingly likely by the nanosecond) purchase of the Wall Street Journal by News Corporation, an independent committee would be appointed that would have power to approve or reject personnel changes related to top editors. The five founding members of the committee would be jointly chosen by Dow Jones & Co. (we’re assuming with heavy input from the Bancrofts) and News Corp.