Slate.com media critic Jack Shafer responds to comments made by former Wall Street Journal managing editor Paul Steiger that the paper’s new owner, Rupert Murdoch, hasn’t hurt it yet are just an indication that he’s unaware of how Murdoch subtly gets what he wants.
Shafer writes, “Murdoch would no more make a policy of twisting Wall Street Journal coverage to News Corp.’s benefit than he would of publishing women in the buff on its Page 3. As anybody who has read a profile or biography of the genocidal tyrantknows,he can be either subtle or obvious in the way he flexes his publications’ power.
“In a May 2007 Portfolio.com piece, Felix Salmon described Murdoch’s modus operandi perfectly: ‘[W]here editorial independence is valuable, Murdoch values it. Where it isn’t, he doesn’t.’
“To expand on Salmon’s observation, Murdoch values the Journal‘s editorial independence because he knows it is the paper’s primary asset. Without the reader trust that editorial independence has created, the paper would go bust in a year. Salmon explains that Murdoch is free to muck about with Fox News, the New York Post, the Sun, and other less prestigious appendages in his media domain because their regular readers and viewers don’t care. These outlets are stink-proof.”
OLD Media Moves
Steiger doesn't have a clue how Murdoch operates
July 26, 2008
Slate.com media critic Jack Shafer responds to comments made by former Wall Street Journal managing editor Paul Steiger that the paper’s new owner, Rupert Murdoch, hasn’t hurt it yet are just an indication that he’s unaware of how Murdoch subtly gets what he wants.
Shafer writes, “Murdoch would no more make a policy of twisting Wall Street Journal coverage to News Corp.’s benefit than he would of publishing women in the buff on its Page 3. As anybody who has read a profile or biography of the genocidal tyrant knows, he can be either subtle or obvious in the way he flexes his publications’ power.
“In a May 2007 Portfolio.com piece, Felix Salmon described Murdoch’s modus operandi perfectly: ‘[W]here editorial independence is valuable, Murdoch values it. Where it isn’t, he doesn’t.’
“To expand on Salmon’s observation, Murdoch values the Journal‘s editorial independence because he knows it is the paper’s primary asset. Without the reader trust that editorial independence has created, the paper would go bust in a year. Salmon explains that Murdoch is free to muck about with Fox News, the New York Post, the Sun, and other less prestigious appendages in his media domain because their regular readers and viewers don’t care. These outlets are stink-proof.”
Read more here.
Media News
WSJ’s Brown is leaving publication
November 7, 2024
Media News
Jones will not seek another Dow Jones News Fund board term
November 7, 2024
Media News
Bloomberg hires Clark to cover VC and startups
November 7, 2024
Media News
Berke of STAT News on the importance of its coverage
November 7, 2024
Media News
Maxwell joins Gizmodo as a tech reporter
November 7, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.