Marketwatch media columnist Jon Friedman writes Wednesday that News Corp. CEO Rupert Murdoch has the chance to do some good at The Wall Street Journal, where there are journalists who will welcome the new owner.
Friedman wrote, “The spotlight will be on. If there is even a whiff of Murdoch’s presence in the newsroom, pundits and others will savage him for messing with the Journal’s independence.
“Many Dow Jones veterans secretly feel pleased that Murdoch, an aggressive, highly ambitious global businessman, will be running the company now. Above all, the man thinks big and embraces new forms of technologies.
“It’s said that Murdoch intends to take the Journal global and make it a truly international must-read daily. He knows a few things about satellite broadcasting; his eagerness to expand to foreign markets will take care of the rest.
“Some people who know Murdoch well suspect that he will raise the stakes between the Journal and the New York Times, as they vie for supremacy.”
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