Toronto Star business columnist David Olive argues Sunday that The Wall Street Journal is already seeing a decline in influence among its readers even before its potential acquisition by News Corp. CEO Rupert Murdoch, who will just accelerate the issue.
“Accelerating the demise of the Journal as a must-read paper will create a void that will be exploited by the New York Times; Fortune; the U.S. edition of the Financial Times and the Times’ sister magazine The Economist. Web-based financial-news start-ups will proliferate, some of them offshoots of Bloomberg, Thomson-Reuters and Agence France Press, which will see the profit to be gained from developing proprietary investigative content.
“And that’s why so few people outside the Wall Street Journal and the incestuous media business care about a Murdoch-owned Journal. The best things the newspaper still does will become the lucrative work of others.
“The Journal will become another club for Murdoch to use against political and personal foes. But it will be a paper that serious readers no longer take seriously.”
Read more here.
Independent Association of Publishers’ Employees board authorized a strike vote to be conducted by its…
The Southern California News Group is seeking an assistant editor to help its jobs and…
Ian Krietzberg, a tech reporter for TheStreet.com, is leaving for a new opportunity. He has…
Timothy B. Lee writes in Asterisk magazine about why a lot of technology reporting is…
Megan Douglass has been named deputy social strategy editor at The Wall Street Journal. Douglass previously…
Business Insider's Louise Ridley is joining The Female Lead, the women's empowerment charity founded by Tesco Clubcard entrepreneur Edwina…