Tuesday, July 31, 2007

WSJ, 118

The Wall Street Journal wrote its own obituary today:
Rupert Murdoch's News Corp. sealed a $5 billion agreement to purchase the publisher of The Wall Street Journal after three months of drama in the controlling family and public debate about journalistic values.

One of the oldest and best-known franchises in the newspaper industry, beset in recent years by business pressures, now enters a new era as part of a world-wide media conglomerate. The 76-year-old Mr. Murdoch, whose properties range from the Fox television network to the Times of London, negotiated hard to win the paper he long coveted. He has promised to invest more in Dow Jones journalism.
It was a great read, while it lasted.

4 comments:

VT said...

Come on Ron. :) A little over the top here. :)

Anonymous said...

Hardly. RIP, WSJ, we loved ye. I have a friend who worked for the LA bureau, now in New York. Went from dream job to working for the devil.

Anonymous said...

couldn't happen to nicer bunch of kapitalist swine:)

Anonymous said...

Wonder what tune you'd sing if George Soros had purchased the WSJ?