Walter Hamilton of the Los Angeles Times writes Wednesday that a number of Wall Street Journal reporters are upset at what led the paper to be sold to News Corp. CEO Rupert Murdoch.
Hamilton wrote, “The newsroom was particularly incensed by the detail, disclosed on the Journal’s website Tuesday, that Dow Jones had agreed to pay the Bancroft family’s advisory and legal fees related to the merger, which are estimated to be at least $30 million.
“The journalists viewed the payment, which would ultimately be made by Murdoch’s News Corp., as an improper incentive for wavering family members to support the deal.
“‘There’s a real feeling that this place covers the worst in corporate behavior and our executives should have known better,’ one reporter said.
“A Dow Jones spokeswoman refused to comment on the issue.”
Read more here, including one reporter’s criticism of former managing editor Paul Steiger.
The Wall Street Journal is seeking a senior video journalist to join its Features video…
PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…