Reuters is reporting that News Corp. CEO Rupert Murdoch visited the Wall Street Journal‘s newsroom on Wednesday, the first time since he agreed to purchase its parent company, Dow Jones & Co.
“Murdoch’s visit came amid strained contract negotiations, with Dow Jones’ labor union seeking to renew the employment contracts for about 2,000 members.
“The union has argued with management over the company’s health-care and pay raise proposals, calling them inadequate.”
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There are always some storms when changes take place. Nothing un-usual. Being the hard-core business man he is- Murdoch will surely deal with it the way he knows best- to safeguard his interest.
Hopefully, the labors will get some piece of Murdoch's generosity.