Home > Views > Blogs > Market Movers > Dow Jones: The Murdoch Era Begins
EMAIL
PRINT
RSS
SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Main
For the Record   Blogonomics: Paying for Content
Oct 15 2007 12:34PM EDT

Dow Jones: The Murdoch Era Begins

Rupert Murdoch does not, yet, officially own Dow Jones. But he clearly controls it, all the same. Today, the day that Rupert's new business channel launches in head-to-head competition with CNBC, Dow Jones's websites have decided to pull all CNBC's advertising. As Jeff Bercovici says,

A spokesman for Dow Jones, which owns both sites, declined to comment to the Times on the decision, but if you suspect Rupert Murdoch of pulling the levers on this one, award yourself a cookie.

Meanwhile, Brad DeLong is noting signs of sense on the WSJ editiorial page, and ascribing that to Murdoch, too:

Most of it is Rupert Murdoch signalling that the Wall Street Journal editorial page can now be rented: that it won't be the knee-jerk slave of the Republican extreme anymore, and that people who want its support (within reason) should start offering him bids.

Brad doesn't mean this literally, and he's not talking about corporate lobbying, he's talking about politicians. Rupert Murdoch's newspapers tend to support those politicians who act in Rupert Murdoch's best interests, and it's possible that the WSJ editorial page will move in that direction from its erstwhile wingnuttery.

See more in

Loading...

Add Your Comment

Required fields are marked with an asterisk (*)
Add a comment

Recent Blog Posts

Archive

Previous
Dec
2008
Next


Also in Portfolio.com
Most Read
Most Emailed
Recently Commented