Dow Jones Board Seizes Control

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• Time for the Dow to Ditch Ailing AIG

  Sep 16, 08 3:45 AM CDT
  The downsizing of American International Group should spur its ejection from the Dow Jones 30, Paul R. La Monica writes in CNNMoney. The company's inclusion in the index means its troubles will hurt the market even more than the tribulations of Lehman, Fannie and Freddie—its shedding of divisions will remove the rationale that got the insurance giant included in the first place, La Monica adds.
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• 'Rupert Murdoch Is Becoming a Liberal'

  Sep 2, 08 9:00 AM CDT
  Rupert Murdoch isn't what you've been told, Michael Wolff writes in Vanity Fair. He's not a destroyer of journalism—he is perhaps the last great lover of newspapers. And he’s actually turning liberal. Yes, he’s still a free-marketeer, but Murdoch has been seduced by his second wife’s liberal social circle, and "the angry outsider, the anti-elitist" is becoming one of them. Which explains why he overpaid for the Wall Street Journal and fantasizes obsessively about buying the New York Times.
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• Facebook Just 'Flavor of the Month': Murdoch

  Jun 23, 08 3:11 PM CDT
  Rupert Murdoch today insulted the rival of his popular MySpace, calling Facebook the “flavor of the month” and a mere “directory”—on the occasion of his social networking sinking to the No. 2 spot in worldwide traffic. The media mogul said Facebook was not a real social network, and pointed to MySpace’s entertainment focus, the Sydney Morning Herald reports. More »

• Murdoch's Journal Wins Back a Fan

  Jun 15, 08 8:08 PM CDT
  Rupert Murdoch's attempt to make the Wall Street Journal the "first read" for elites, rather than playing second to the New York Times on non-financial stories, looked like a recipe for disaster to Jack Shafer. It was likely to result in me-too coverage crowding out the Journal's signature reporting, he wrote earlier. Now he says he's pleasantly surprised. Not by the new stuff, but by the continuing strength of what the paper has always done best: financial enterprise reporting.
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• Murdoch Names Thomson New Journal Editor

  May 21, 08 4:00 AM CDT
  Rupert Murdoch has named Wall Street Journal publisher Robert J. Thomson as its top editor, reports the New York Times. Thomson, whom Murdoch made publisher just five months ago, was previously the top editor of Murdoch's Times of London. His appointment is expected to speed the pace of change at the paper, in the wake of the resignation of former managing editor Marcus Brauchli, who was forced out last month. More »