Categories: OLD Media Moves

Dow Jones deal most important acquisition for News Corp.

News Corp. CEO Rupert Murdoch gave an interview to The Australian newspaper in which he called the acquisition of Dow Jones & Co., the parent of The Wall Street Journal, the most important deal the company has ever done.

John Durie wrote, “‘The first job would be to improve the paper (The Wall Street Journal) in America and its online site WSJ.Com to broaden its coverage,’ he said.

“Then the focus would be on Europe to boost its coverage of local and international news.

“The US print editions would be lifted in size by 15 to 20 per cent and the weekend editions eventually by 100 per cent, he said, depending on advertising support.

“Asked about any long-term plans to bring The Asian Wall Street Journal to Australia, he said: ‘I’d hope we could continue to improve the financial section of The Australian to the point where that is not necessary.'”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.