Change coming to Wall Street Journal

Req: A, E, N, S

Media powerhouse Rupert Murdoch, who is in the process of buying the Pulitzer-winning Wall Street Journal, has “a lot of plans and a lot of ideas” that he believes will help the paper beat out mainstream media competitors, according to The Guardian.

The 76-year-old head of News Corporation also said that he would like to increase the newspaper’s coverage of cultural issues, in order to take advantage of the advertising opportunities available from the likes of movie studios.

“I want to add major coverage of the arts, fashion and culture,” he added. When asked whether he was aiming to kill the New York Times, Mr Murdoch replied simply: “That would be nice.”

[Continue reading Murdoch’s Plans]

Murdoch’s decision to purchase the Journal has created a good deal of consternation in media circles, as well as among left-wing partisan groups such as MoveOn.org. The main complaints revolve around charges that Murdoch represents, in the words of Robin Sloan, “nakedly political and profit-driven news media.”

Other media watchers, such as Rick Edmonds, believe that “the sky won’t actually fall” when Murdoch takes over the Journal. Edmonds asserts that Murdoch will be more likely to innovate than to interfere.

Dow Jones agreed to the Murdoch takeover in August. The deal becomes finalized in December. So, 2008 should be an interesting year to watch at the Journal.

Advertisements

0 Responses to “Change coming to Wall Street Journal”



  1. Leave a Comment

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




This blog is maintained by Dr. Matthew M. Reavy as a service to journalism students at the University of Scranton.

a

Calendar

October 2007
S M T W T F S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

RSS Jobs from Cyberjournalist

  • An error has occurred; the feed is probably down. Try again later.

RSS Jobs from Poynter

  • An error has occurred; the feed is probably down. Try again later.
Dunder Mifflin

%d bloggers like this: