Posted on 08/13/2007 9:47:49 AM PDT by abb
Despite his remarks on coverage, some expect changes on the Journal's business side first.
If the Gray Lady didn't have enough problems battling industrywide woes, now she has Rupert Murdoch to worry about.
The media billionaire has made no secret of his desire to take aim at the New York Times once his News Corp. acquires Dow Jones & Co. and its flagship Wall Street Journal in a $5-billion deal expected to close this fall.
Murdoch said during an earnings conference call last week that he wanted the financial newspaper to have "more coverage of national, international and nonbusiness news . . . all to better compete with the New York Times and other national newspapers."
In private, Murdoch has been more blunt.
"Rupert thinks the Times is vulnerable," a longtime senior executive said. "He's going to go after them."
Like other newspapers across the country, the Times has been tightening its belt and has seen its stock price languish as readers and advertisers migrate to the Web. Nonetheless, it has fared better than other publications, retaining much of its circulation and advertising by remaining the essential newspaper of the East Coast elite.
So where does Murdoch believe the Times is vulnerable?
At a meeting early last week News Corp. executives mulled over that question but have yet to form a definitive plan.
Murdoch has publicly signaled he will beef up editorial coverage, adding four pages to the paper and hiring more staff in Europe and Asia. Murdoch also is thinking about expanding the Journal's franchise on global financial news.
But several current and former employees said they thought Murdoch was coyly talking up what he might do to the news operation to draw attention away from his more immediate plan -- an attack on the Times' business side.
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(Excerpt) Read more at latimes.com ...
ping
That freak out the Gay Mafia at the Grey Hag.
The Times is a slow, fat and not very bright target. It's like hunting a cow with a machine gun.
What a waste of time ! The NYT is dying a natural death and Rupert is going to try to kill it ?
LOL!
I pray the Rupert is a man of his word, and up to the task he is clearly setting out for himself. The sooner he can drive the NY Slimes out of its evil business, THE BETTER!
Would it be possible to replace the headlines with some things one might see in the NYT? For example: “Top Secret Iraq Battle Plans Revealed”, or “Trans fats banned in NY — Fat Trannies Still Welcome” (the latter stolen from an “American Dad” episode).
I'll subscribe to the Journal, if that helps, and I don't subscribe to anything.
Go Rupert Murdoch!
The Financial Times also has a subscription structure. However, when it comes to online stuff, there is ten times more info available without subscription at the FT than WSJ that can be used.
yitbos
It would be worth it for Murdoch to take over the NYT just to hear the wailing and gnashing of teeth from the moonbats.
I had hoped that FT would buy WSJ or merge with them somehow...
Hey ABB would that be something if Rupert Murdoch decided buy NY liars OMGG check out outcry LOLOLOL!
I’d love to see Rupert make Pinch Sulzberger his bitch. I’m sure he could pull it off if he lives long enough.
Obviously, the same as all other media.
From the moderate all the way to conservative. That's a huge group of people.
What's the advantage of print over internet: (1) Large View, (2) Page turning, therefore, (3) reads faster
Any opinions around here on News Corp stock?
He maight have to pay the Stalin family some royalties since Duranty confessed to being a Kremlin mouthpiece.
http://ucca.org/ucca/famine/gordondispatch.html
These toons show what the left wing mediots are really concerned about. Murdoch will hasten the demise of the NY Slimes with his new WSJ as the news center of record and reality. Last but not least, Murdoch will enforce reality as news not left wing lies, pr and agendas posing as news:
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