I've long felt that while The New York Times gets all the praise, the Wall Street Journal consistently features the best reporting in the US. That is obscured by the WSJ's near-fascist op-ed pages, but if you want to know what is really going on in the halls of power (which are corporate these days), the WSJ is the paper to read.

Now Rupert Murdoch is about to by it and parent company Dow Jones. No doubt, the corporate hagiography featured on WSJ op-ed pages will start creeping into other sections of the paper as Murdoch does what he did at Fox News: render reporting irrelevant.

Behind the cut, Bill Moyers talks about "the predator of the hour" and why media moguls like Murdoch are this century's version of the robber barons.