Categories: OLD Media Moves

How Murdoch has changed The Wall Street Journal

Michael Wolff writes in The Guardian about how he perceives the changes at The Wall Street Journal since it was acquired five years ago by News Corp. CEO Rupert Murdoch.

Wolff writes, “When he bid for the Wall Street Journal in 2007, many Journal loyalists, along with his journalistic enemies, believed that, under Murdoch, the paper would necessarily cater to his views as well as become crasser in tone and style. Four years later, there is more puzzlement than outrage about what he and his deputy, Journal editor Robert Thomson, who will hold the CEO title in the new company, have done to the Journal.

“Murdoch and Thomson took one of the most distinctive, stylized and ‘branded’ voices in journalism – its look and feel recognizable at 30 paces – and flattened it. Adding signature Murdoch elements has not been the strategy: his political accents have been few, his tabloid flare absent. Instead, the strategy has been to cleanse it of identifying marks. The Wall Street Journal, which was a shrinking business when Murdoch bought it, with its profit margins whittled to almost nothing, is now a highly-proficient, well-executed information product – no more, no less.

“And oh, yes: with significant new investment, it loses more money than it ever did.

“Curiously, or eccentrically, Murdoch also shifted the paper’s coverage from all business – it was to business, as the New Testament is to Christianity – to much less business and much more general politics and international coverage. Why? Why would you throw out the most important aspect of what you so expensively acquired?”

Read more here.

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.

Recent Posts

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

13 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

18 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

18 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

19 hours ago

FT hires Venugopal as India newsletter editor

The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…

19 hours ago

FT taps Parkin to be Middle East and Africa news editor

Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…

22 hours ago