Murdoch pledges to spend hundreds of millions on WSJ
Johnnie Roberts of Newsweek reports that News Corp. CEO Rupert Murdoch plans to spend a lot of money on expanding his new property, The Wall Street Journal. Roberts wrote, “But it is Murdoch, a maverick and master of asymmetrical assaults on existing media segments, who has escalated the stakes most dramatically. Murdoch’s promised expansion of […]
Milk the cow before it gets out the barn door
The New York Post is reporting Monday the following brief: “Just prior to the Bancroft family’s approval of selling Dow Jones to News Corp., the family doubled the dividend it takes from the company, filings said. Instead of its usual 25-cent per share quarterly dividend, the board voted to boost it to 50 cents, doubling […]
WSJ union wants to get new contract in place soon
The union that represents business journalists at The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires wants to get a new contract agreed up before News Corp. CEO Rupert Murdoch closes on his deal to acquire Dow Jones & Co., writes the New York Post’s Keith Kelly. Kelly wrote, “IAPE’s last contract with Dow […]
Neuharth: Murdoch won't piss off all the WSJ people
In an interview with Nat Ives of Advertising Age, USA Today founder Al Neuharth talks about what he thinks News Corp. CEO Rupert Murdoch will do with The Wall Street Journal once he closes on the deal to buy its parent. Here is an excerpt: Advertising Age: How will Rupert Murdoch change The Wall Street […]
Praising WSJ coverage of sale of Dow Jones
Steve Coll of The New Yorker writes in the latest issue about the strong coverage in The Wall Street Journal about the sale of its parent company, Dow Jones & Co. Coll wrote, “When there’s big news, the main story on the Wall Street Journal’s front page usually starts with a short, ringing sentence, such […]
Bruising battle ahead for NYT and FT
Matthew Creamer and Jeremy Mullman write in Advertising Age about the bruising competition for news and readers that the New York Times and Financial Times will face against a Wall Street Journal owned by News Corp. CEO Rupert Murdoch. They wrote, “While he’s said little about his plans for the Wall Street Journal and the […]
Surprise, but Murdoch may clash with WSJ editorial page
Although it seems as if News Corp. CEO Rupert Murdoch and The Wall Street Journal‘s editorial page are similar in political preference, they may soon clash after he completes his acquisition of parent Dow Jones & Co., writes David Carr of The New York Times. Carr wrote, “Mr. Murdoch tends to favor those in power, […]
Friedman: Let's remember that Murdoch is a businessman
Marketwatch media columnist Jon Friedman writes Monday that through all of the coverage of News Corp. CEO Rupert Murdoch acquiring Dow Jones & Co., the parent of The Wall Street Journal, the fact that he is a businessman seems to get lost. Friedman wrote, “I’ll tell you where I’ve stood on this deal from day […]
How long will ferocious WSJ reporting last?
David Carr of The New York Times wonders how long the aggressive reporting by The Wall Street Journal that documented the sale of its parent company to News Corp. CEO Rupert Murdoch will last under Murdoch’s ownership. Carr wrote, “In the near term, or at least until the shareholders’ annual meeting, Murdoch will need to […]
FT parent: WSJ will remain an American newspaper
The parent of The Financial Times isn’t worried about what Rupert Murdoch will do to change The Wall Street Journal, arguing that its American rival will remain just that — an American newspaper, writes Tim Luckhurst of the Sunday Independent in London. Luckhurst wrote, “AÂ Pearson spokesman is dismissive. Pointing to evidence that many WSJ […]
