The Wall Street Journal’s new luxury magazine, WSJ, is launching its first issue September 6. It will be Dow Jones and Co.’s first launch since being acquired by News Corp. last year. The new title features 51 advertisers in its first issue. 19 of those are new to the WSJ franchise. Half of the advertisers are [...]
A report published yesterday afternoon on the WSJ website revealed that the special committee established to oversee the WSJ’s editorial integrity was upset by the handling of managing editor Marcus Brauchli’s departure. The committee felt that its members should have been notified earlier about the pressure Brauchli felt to resign. Committee members expressed the view [...]
Rupert Murdoch’s News Corp. officially owns Dow Jones & Co. as of yesterday, when shareholders voted to sell the company for $5.6 billion. With annual revenue of only $2 billion, Dow Jones is actually relatively small. Speaking in terms of influence, though, it’s very big, especially in financial news. Aside from the Wall Street Journal, which ranks second [...]
His other 2008 media predictions include: “daily” newsspapers doing away with slim, Saturday issues, additional music acts following Raidiohead’s lead and offering “pay-what-you-want” album downloads, and Wall Street Journal staffers conceding that News Corp. ownership hasn’t destroyed their paper. His last prediction devolves into a fantasy in which he pines for the U.S. Congress to pass [...]