Sarah Rabil of Bloomberg News writes Friday about how The Wall Street Journal has been enticing advertisers that have traditionally only run ads in The New York Times in an increasing battle between the two papers.
“‘When somebody says he’s willing to spend the bank to become the new version of the New York Times, you watch them closely,’ Keller said in an interview. The Journal is the first newspaper he reads every morning after the Times.
“Keller isn’t the only one eyeing the competition. Michael Rooney, the Journal’s chief revenue officer, said he flips through the Times everyday to see who’s advertising and instructs sales people to contact potential clients.
“News Corp. has the resources to keep investing in the Journal, said Wachovia Capital Markets analyst John Janedis. The Times hasn’t been as aggressive, he said.”
Read more here. Disclosure: Rabil graduated from the business journalism program at UNC-Chapel Hill.
PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…