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Labor Vs Capital At The Wsj

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by Yves Smith and Felix Salmon
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Sep 10 2007 12:00am EDT

Labor vs Capital at the WSJ

The Wall Street Journal's reporters want Rupert Murdoch's money – and they're not shy about asking for it. Jeff Bercovici tells us that they're going to be "picketing and chanting slogans in front of their offices at 200 Liberty Street from 11:00 a.m. to 1:00 p.m." today.

Chanting slogans, eh? I'm sure that Murdoch would love his reporters to be happy – although it's worth noting that he doesn't actually own Dow Jones yet – but I very much doubt that chanted slogans are going to sway him very much. This is the man, remember, who fired 6,000 newspaper workers in the UK when they went on strike in 1986.

On the other hand, the WSJ's hacks are surely grateful right now that their new boss is Murdoch rather than Vladimir Putin. Truly, the sale of Dow Jones to News Corp is looking more than ever like the least-worst option for the company.

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