Wall Street Journal

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Cut the Charade: Let Rupert Have His Way With Journal

Let's stop kidding ourselves: he's taking it anyway

(Newser) - Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal, and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which...

WSJ Oversight Panel Slams Editor's Ouster

Removal violated 'letter and spirit' of agreement with News Corp.

(Newser) - A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as...

Newspaper Circulation Off 3.6%
 Newspaper Circulation Off 3.6% 
Apr 28, 2008 4:37 PM CDT

Newspaper Circulation Off 3.6%

USA Today , WSJ only big names to buck accelerating downward trend

(Newser) - Newspaper circulation contracted the past six months as competition from Internet sources and cutbacks in advertising decreased sales, Bloomberg reports. Circulation dropped 3.6% for the industry as a whole, with only USA Today and the Wall Street Journal enjoying slightly increased circulation among the 25 largest papers. "The...

Paid Off And Gagged, WSJ Honchos Betray Treasured Trust

Murdoch burns paper's 'fundamental value'

(Newser) - More top Wall Street Journal execs have been spit out by the Murdoch machine, and the staff they leave behind is furious they’re leaving so quietly. Zipping their mouths was part of hefty severance packages, David Carr notes in the New York Times, and as the line evaporates between...

Murdoch Calls FCC Bluff With Newsday Move

News Corp. would need waiver to dodge anti-consolidation rules

(Newser) - Rupert Murdoch is betting new federal standards limiting media ownership to one TV station and one newspaper (per market) won't keep him from buying a fifth New York outlet. The mogul has long held waivers to control media in excess of the rules, and he doesn't think recent enforcement pledges...

Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

Murdoch wanted own man, faster change

(Newser) - Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to...

Read All About It: Journal Posts 'Help Wanted' Sign

Managing editor quits, will consult for News Corp.

(Newser) - After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over...

Top Editor Bails on Journal
Top Editor
Bails on
Journal
Apr 22, 2008 9:54 AM CDT

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(Newser) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said...

Bloomberg Won't Buy NY Times

Billionaire not interested in ailing paper

(Newser) - If the New York Times is wooing potential buyers as many have speculated, New York City Mayor Michael Bloomberg seems to be an ideal suitor. He heads a media empire, has a $12 billion fortune and the acumen to go mano-a-mano with Rupert Murdoch's Wall Street Journal—and he'll have...

Murdoch's Journal Readies Battle Against the Times

Clash of titans recalls Hearst v. Pulitzer

(Newser) - A newly Rupert Murdoch-ified Wall Street Journal throws down the gauntlet at the New York Times tomorrow, reports Newsweek, in the biggest battle of newspaper titans since Hearst v. Pulitzer. Murdoch is looking for (more) power and respect from the journalistic elite at a time when the Gray Lady is...

Cash-Strapped Papers Take Scribes Off Trail

Some mourn loss of perspective; others find blogs are OK substitute

(Newser) - The decline in the number of writers attached to presidential campaigns is “striking,” the New York Times reports—with only five newspapers trying to follow the candidates full-time. With per-person travel costs at $30,000, or more, a month, cash-strapped outlets are choosing not to foot the bill....

Bad Credit News Means Good Tidings for Analysts

Demand for financial insight buoys Breaking Views, other sites

(Newser) - The Bear Stearns crisis was bad news for many, but it was good news—or at least good business—for financial analysts at London-based Breaking Views. The credit crunch is increasing demand for the company’s financial insights, offered online and, through various partnerships, in print. Breaking Views is seizing...

Murdoch 'More Pessimistic' About Economy

Downturn worse than expected by Rupe, who won't fight for Yahoo

(Newser) - The last month has made media boss Rupert Murdoch "a lot more pessimistic" about the outlook for the US economy, Reuters reports. Ad revenue is below expectations at his TV stations and newspapers and he expects "a temporary downturn for a year or so" at Dow Jones, the...

At Murdoch's Journal, No Cheap Makeover

New faces and ideas to mine affluent audience, but no Foxification

(Newser) - Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company...

Murdoch's Journal Amps Up Politics, Speeds Up Stories

Politics come first; coverage gets to the point

(Newser) - A month into the Rupert Murdoch era, the Wall Street Journal hasn't exactly turned into Fox News, but it has ratcheted up its political coverage, David Carr writes in the New York Times. The Journal's managing editor tells Carr the change is driven by both the drama of the presidential...

Wall Street Journal Moving to Midtown
Wall Street Journal Moving to Midtown
Jan 29, 2008 10:18 AM CST

Wall Street Journal Moving to Midtown

Murdoch wants new toy at News Corp. HQ, not near namesake

(Newser) - For 119 years, the Wall Street Journal has been based a few minutes away from the legendary financial hub it's named for, but new owner Rupert Murdoch plans to move it uptown, the New York Observer reports. The paper's staff is reportedly happy with the move, but more changes are...

Online Journal Readers Can't Put Wallets Away (Yet)

Murdoch lets decision slip at World Economic Forum

(Newser) - Puncturing the hopes of thrifty web surfers everywhere, the Wall Street Journal will continue to charge for much of its online content, at least for now. New owner Rupert Murdoch's apparently unplanned announcement at the World Economic Forum in Davos came after months of dithering over whether to keep access...

News Corp. to Sell 8 Fox Stations for $1.1B

Company unloads local operations to focus on larger markets

(Newser) - News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal and Dow Jones for $5....

Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

(Newser) - Dow Jones’ CEO resigned today, one week before News Corp. is expected to finalize its purchase of the Wall Street Journal publisher. Insiders say Richard Zannino’s replacement will be Rupert Murdoch confidant Les Hinton; the succession, to be announced tomorrow, is thought to be the first among many in...

Murdoch Axing Journal's Website Fees

Business daily's free site expected to attract more advertisers

(Newser) - Rupert Murdoch announced today that he intends to remove the Wall Street Journal's subscription-based system, making the entirety of the site free in a bid to attract enhanced ad revenues, the AP reports. WSJ.com is currently one of the few news sites successfully running a subscription model, with about...

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