Sorry, been one poor correspondent....
It looks like Rupert Murdoch has squared away control of the Wall Street Journal. It has always been a bizarre paper, with rock-solid business reporting on one side, and bat-crazy editorial page screed writers on the other. It was always my theory that the news group never even told editorial where the Christmas party was. Now, that the paper will be Fox-ified, what do you think stays..rock-solid business reporting or bat-crazy editorial page screed writers? The Murdoch virus can't help but infect the newsroom, and the paper is history.
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3 comments:
Some of the guys I work with are concerned. They consider the non-editorial reporting of the WSJ to be the gold standard, regardless of the kooky editorials.
If he fucks with the news division, he's a bigger fool than I thought. Those customers have no allegiance other than to the markets, and truthful reporting about them. If he buggers that, they'll flee.
On the other hand, he can't possibly make the editorial page any more insane than it already is.
Well, the thing is not a big money maker. I can't imagine him buying it unless he has "plans" for it.
Murdock wants this to tie into his new Fox business channel. He's hoping the WSJ affiliation will make it appear legitimate.
Obviously this will impact the relationship between WSJ and CNBC.
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