But Rumsfeld quickly moved to give the job to Air Force Secretary Jim Roche, a trusted friend who shares Rumsfeld's vision for the military and is known for a sharp intellect and a penchant for "shaking things up, " in the words of one official.
Mr. Murdoch's 65% premium for Dow Jones shares is evidence that the most trusted, authoritative and differentiated news brands and journalism have more and not less value in today's information-overloaded world.