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Wall Street Journal: Rupert Murdoch
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A new weekly culture section for The Wall Street Journal may be in the pipeline. Such a move would bring the Rupert Murdoch-owned publication one step closer to the stated company goal of competing with The New York Times.
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If rumors are to be believed, the Wall Street Journal has been considering abandoning the subscription model for months. But alas, it’s not to be. Rupert Murdoch announced today that the Wall Street Journal, while expanding its free offerings, would not leave the subscription model. In fact, he stated that:
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"This may be the beginning of the end for the Wall Street Journal," says Adam Green, the civic communications director for MoveOn.org Civic Action. "No sane businessperson or investor will tolerate the type of unreliable, partisan news that Murdoch serves up at Fox and his other media outlets."
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As expected, Robert Thomson, a News Corp. editor close to Rupert Murdoch, is taking over as publisher of the Wall Street Journal. What does this mean for the Valley? Well, that Thomson will be headed her soon on a goodwill tour to shake loose advertising dollars. Not much else. [WSJ]
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This entry was posted on Tuesday, November 13th, 2007 at 11:19 am and is filed under Technically Speaking, News Corp, Rupert Murdoch, WSJ, Wall Street Journal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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