Murdoch Drops Other Shoe at Wall Street Journal
 

eco_journalism

Now that the Aussie has been able to pry Dow Jones and The Wall Street Journal from the Bancroft family's cold, dead hands, you'd think the fear for change would be in the past. After all, this switch-up came nearly two years ago, and so far the Journal has seen nothing but success.

But no more. In a memo to staffers, newly managing editor (who replaced the guy whose job it was to make sure that Murdoch stayed out of the editorial page) Robert Thomson reported a shift in the fundamental way that the Journal reports news: It's main objective will now be to get information to the newswires as quickly as possible to "help out the bond traders" who rely on this kind of breaking information. Of course, the Journal has a long-standing reputation to uphold, but there's one thing you can say about Murdoch and his cronies: They know how to make a buck. If WSJ wants to remain soluble (unlike every other newspaper out there), maybe staffers should greet this change as something positive.

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