Biz professors believe Murdoch won't hurt WSJ
Professors at the W.P. Carey School of Business at Arizona State University say they don’t believe that News Corp. CEO Rupert Murdoch will do anything to damage the quality of The Wall Street Journal. An unbylined article on the School’s web site stated, “Amy Hillman, a W. P. Carey professor of management, says that Murdoch […]
Buffett bought Dow Jones stock from Bancrofts
The Wall Street Journal is reporting Wednesday that billionaire investor Warren Buffett purchased a small stake in Dow Jones & Co., the parent of The Journal, from Bancroft family members while they were negotiating to sell the company to News Corp. CEO Rupert Murdoch. Karen Richardson of The Journal wrote, “Berkshire owned 2.78 million Dow […]
Dow Jones union sends card to Murdoch
The union that represents business journalists at The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires has sent a card to their new owner, News Corp. CEO Rupert Murdoch, asking him to negotiate a fair contract. The statement from the Independent Association of Publishers Employees stated, “Reporters and editors from both The Journal and […]
WSJ ad revenue falls 7 percent in July; Barron's also falls
Dow Jones & Co. reported decreases in advertising for its print Wall Street Journal and Barron’s editions in July, but increases in advertising for the online editions. Dow Jones said, “Advertising revenue at the print Wall Street Journal decreased 7.2% in July on a 20.9% decrease in advertising volume. An increase in financial advertising volume […]
Marketwatch founder joins VC firm
Larry Kramer, who founded the Marketwatch news web site that now belongs to Dow Jones & Co., is joining venture capital firm Polaris Venture Partners, writes Tonya Garcia on PRWeek’s blog. Garcia wrote, “For PR pros, Kramer thinks the Internet has the potential to dramatically enhance the capabilities of guerrilla marketing because the Web can […]
Homer Simpson hiding in WSJ publisher's desk drawer
Advertising Age’s Simon Dumenco received an e-mail last week from Wall Street Journal publisher Gordon Crovitz, who took issue with Dumenco’s characterization that he will be uncomfortable working with News Corp. executives. Dumenco specifically said Crovitz would be uncomfortable working next to Homer Simpson. According to Dumenco’s Monday column, Crovitz replied in an e-mail, “That’s […]
Saturday WSJ may be in trouble based on ad count
Felix Salmon of Conde Nast Portfolio writes that a simple count of advertising in The Wall Street Journal during the week shows that the Saturday edition, launched two years ago, may be in trouble under new owner Rupert Murdoch. Salmon wrote, “To get these numbers, I just totted up the ads I could see in […]
Murdoch won't spend wildly in WSJ newsroom
Joseph Menn of The Los Angeles Times writes Monday that News Corp. CEO Rupert Murdoch isn’t expected to spend a lot of money in The Wall Street Journal‘s newsroom in his bid to compete against the New York Times. Instead, the strategy will be elsewhere, like cutting the newsstand price. Menn wrote, “Analysts don’t see […]
Remembering Charles Dow
Bill Stanley of the Norwich Bulletin writes Sunday about one of the founders of The Wall Street Journal, Charles Dow, who grew up in nearby Sterling. Stanley wrote, “Dow is recognized as the father of business news and I am proud and happy he came from our neck of the woods in Eastern Connecticut. “Young […]
PR pros believe Murdoch will only mess up WSJ a little
Hamilton Nolan of PR Week that public relations professionals he interviewed for a recent article believe that News Corp. CEO Rupert Murdoch will only mess up The Wall Street Journal a little. Nolan wrote, “Most people preferred to stay on background when it came to discussing the most influential business outlet in America, so I’ll […]
