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NEWS ABOUT: Wall Street Journal

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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... More »

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.... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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.... More »

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... More »

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... More »

Journal Deal Raises Red Flag With FCC

Commission member asks if deal serves public interest

(Newser) - FCC commissioner Michael Copps would like to toss a monkey wrench into News Corp.’s Dow Jones takeover, Broadcasting & Cable reports. Copps, a Democrat, yesterday called for an inquiry to determine whether the deal suits the public interest and whether current rules sufficiently cover the situation. Chairman Kevin... More »

Murdoch May Eliminate WSJ Online Fees

Thinks added ad revenue will make up for losses

(Newser) - Rupert Murdoch said today he would probably eliminate the Wall Street Journal's online subscription fee when News Corp. completes its purchase of the paper in a few months. The media mogul believes that dropping the subscription fee will attract more readers to the site, thereby increasing advertising revenues, the LA ... More »

Public Softens Slightly on Bush

New poll shows approval rating climbing; war strategy remains divisive issue

(Newser) - President Bush inched up from record lows in one poll this week, thanks in part to buzz around David Petraeus’ report on Iraq. His overall approval rating was 33% in the latest Journal/NBC News poll, up from 31% in July. The results reveal the complexity of Americans' feelings toward the... More »

Feds Probe Hsu for Using Mail Carrier's Family

Fundraiser may have funneled donations through others

(Newser) - The Feds are probing claims that top fundraiser Norman Hsu used a mail carrier and his family to donate to the Dems, the Wall Street Journal reports. Officials suspect that Hsu reimbursed the family for their donations, which were similar in amount and timing to Hsu’s. Hsu denies the... More »

Murdoch’s Shadow Looms at Journal

Are calls to reporters a sign of generosity or more like handcuffs?

(Newser) - Rupert Murdoch is on a yacht in the Mediterranean, but his presence is already being felt at the newspaper in lower Manhattan he doesn't own yet.  The media baron rolled up his sleeves and called three reporters at the Wall Street Journal—which he bought for $5 billion last... More »

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news... More »

Murdoch Sets Crosshairs on Times

Billionaire Journal owner hopes to poach business from Gray Lady

(Newser) - With the ink still drying on his takeover of The Wall Street Journal, Rupert Murdoch is already setting his sights on the New York Times—the current newspaper of choice for the Northeastern elite. The Australian tycoon is planning to challenge the Times by expanding the Journal's "coverage of... More »

Rove Exit Inspires Pundit Ire

Leftie says he's quitting too soon, rightie says too late

(Newser) - Not all Karl Rove haters celebrated his announced departure today. The Nation’s David Corn, while pleased that taxpayers will no longer be paying the Bush political strategist's salary after August, feels that Rove deserves the punishment of being forced to stay “to the bitter end” of the unpopular... More »

Murdoch May Take Journal Online Only

News Corp. could run a paper without paper, subscriptions

(Newser) - Rupert Murdoch’s grab for the Wall Street Journal could mark the demise of hard-copy newspapers and their online subscriptions, Bernhard Warner predicts in Murdoch’s own Times Online. Warner says turning the Journal’s subscription-based website into a free, ad-supported business will be among Murdoch’s top priorities as... More »

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