Jeff Bercovici of Conde Nast Portfolio reports that former Wall Street Journal managing editor Paul Steiger spoke last night at a Northwestern University function and said he hasn’t seen new owner Rupert Murdoch hurt the paper.
Bercovici wrote, “‘I see no evidence, nor do my friends there report any evidence, of the bad Rupert showing up, trying to move the coverage in a way that advances his business interests. So, to me, my fears haven’t been realized.’
“In fact, Steiger saluted Murdoch for reaching into his pocket to expand the newshole and make other costly investments. ‘I know something about the economics of that paper. It is not making money. He is pouring money into that paper to try and upgrade it.’
“Steiger wasn’t completely without criticisms to offer, saying, ‘Page one is a work in progress. They’re still figuring out what sort of mix they want it to be.'”
OLD Media Moves
Former WSJ ME Steiger: No sign of bad Rupert yet
July 24, 2008
Jeff Bercovici of Conde Nast Portfolio reports that former Wall Street Journal managing editor Paul Steiger spoke last night at a Northwestern University function and said he hasn’t seen new owner Rupert Murdoch hurt the paper.
Bercovici wrote, “‘I see no evidence, nor do my friends there report any evidence, of the bad Rupert showing up, trying to move the coverage in a way that advances his business interests. So, to me, my fears haven’t been realized.’
“In fact, Steiger saluted Murdoch for reaching into his pocket to expand the newshole and make other costly investments. ‘I know something about the economics of that paper. It is not making money. He is pouring money into that paper to try and upgrade it.’
“Steiger wasn’t completely without criticisms to offer, saying, ‘Page one is a work in progress. They’re still figuring out what sort of mix they want it to be.'”
Read more here.
Media News
Dynamo hires former Business Insider executive editor Harrington
November 22, 2024
Media News
Bloomberg TV hires Kerubo as desk producer
November 22, 2024
Media News
Jittery CNBC staff reassured by new boss
November 22, 2024
Media News
Making business news accessible to a wider audience
November 22, 2024
Media News
Rest of World hires Lo as China reporter
November 22, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.