Richard Perez-Pena and Louise Story of The New York Times write that job cuts at The Wall Street Journal are possible if News Corp. CEO Rupert Murdoch is unsuccessful in acquiring Dow Jones & Co., its parent.
“Some of these people say that if Mr. Murdoch’s offer had not put other considerations on hold, the news staff would have been trimmed already.
“If Dow Jones remains independent, a reduction in the size of the news staff will probably begin within a few months, and will most likely take the form of buyouts rather than layoffs, these people said. Some jobs might be eliminated even if the deal goes through, they said, though Mr. Murdoch has signaled that he would increase the staff over all.”
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