Categories: OLD Media Moves

Journal readers wary of Murdoch

Louise Story and Angel Jennings of The New York Times write Wednesday that readers are wary of what will happen to The Wall Street Journal under News Corp. CEO Rupert Murdoch‘s ownership.

Story and Jennings wrote, “On Wall Street, Anand Saraiya, a financial consultant at Gunn Allen Financial, was also quick to mentally juxtapose The Wall Street Journal and The Post, but not in a favorable way.

“‘I might cancel my substitution if it becomes like The New York Post,’ said Mr. Saraiya, who was seated outside 40 Wall Street chatting with friends during a midday work break. ‘That is my biggest fear.’

“Calling The Journal ‘the best paper to understand any story in-depth,’ Mr. Saraiya offered some advice to Mr. Murdoch about his new journalistic prize: ‘It should remain educational, instead of wowing the readers with romanticized stories.’

“Other downtown workers, digesting both their lunch and the news, took a more jocular attitude.”

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.