At the Wednesday launch of The Wall Street Journal‘s new luxury magazine, editor Robert Thomson noted how journalists were flocking to Dow Jones, writes Matt Haber of the New York Observer.
“Mr. Thomson boasted that ‘The eschatological angst that characterizes much of the newspaper industry does not define Dow Jones. You’ll see when the next round of circulation figures are released just how robust, how rosy our sales are.’
“After rattling off figures and stats—they’re adding bureaus overseas! creating a news hub online! their digital audience is up ‘92% year-on-year’!—he said, ‘We are being inundated by journalists from around the world who can sense that we are pursuing a journalistic agenda, a quality agenda, an agenda of objectivity. We don’t have the fetid air of failure at Dow Jones.'”
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