Categories: OLD Media Moves

Murdoch on WSJ costs, revenue

News Corp. CEO Rupert Murdoch sat down with Bloomberg TV’s Betty Liu Thursday to discuss the breakup of the company. Murdoch said he sees “increasing costs” at the Wall Street Journal but “hopefully, increasing our revenues by more than that.”

Murdoch also said that News Corporation has “very large reserves of cash in the bank earning next to nothing. We’re in pretty strong shape.”

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.