MySpace Acquires the Wall Street Journal

Well, not exactly. But the company that owns MySpace and what is quite possibly the worst news channel on the planet, Fox News, will now own the Wall Street Journal. On the one hand, you have to hand it to News Corp founder and CEO Rupert Murdoch. He knows media. He’s built an empire on tabloid techniques and it’s served him well. On the other hand, the WSJ is one of my favorite publications and I’d hate to see it become tabloid trash for the financial industry.

In his interview with the WSJ he expressed plans to put a lot of emphasis on expanding financial news and the WSJ online as well as adding up to four pages of more general news to the WSJ. On the surface, I think that’s a great idea. I’d love to get more general (but high quality) news in my favorite paper. But if the WSJ turns into a paper edition of Fox you can cancel my subscription yesterday.

This entry was posted on Wednesday, August 1st, 2007 at 2:34 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment so far

on October 28, 2008 at 10:38 pm Tulla wrote:

Well written article.

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