Matthew Winkler, the editor in chief of Bloomberg News, said that News Corp. CEO Rupert Murdoch‘s acquisition of The Wall Street Journal, Barron’s and Marketwatch will be good as long as he can enrich the financial news properties he is buying, writes Peter Alford of The Australian.
“‘It’s not clear what Mr Murdoch is going to do, except that he has said he wants to increase the participation of both the Journal and Dow Jones journalists in his television products, and that could be really invigorating – we’ll see,’ Mr Winkler said in Tokyo yesterday.
“‘I do hope he makes every attempt to make the Journal and the rest of Dow Jones better than it already is, because we sure could use the competition. We need it, and we’d all be poorer if it was diminished in any way.'”
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If Mr. Murdoch gets real serious with WSJ and Marketwatch as I think he is - we might see a great duel between them on land and in the cyberworld. It will be interesting and the winners will be the readers.
Good luck to both of them.