The tricky part for the Journal will be figuring out how to sustain its strength (and brand equity) in business coverage and not look too much like the Times. Meanwhile, you have to believe that the Financial Times is salivating at the prospect of moving in on the Journalâ€™s traditional market.
Newsosaur Alan Mutter believes that Murdochâ€™s strategy in
This may answer some recent questions raised on Wall Street about just what Murdoch is trying to accomplish. Put all the pieces together and the answer appears quite clear.
Perhaps this prospect is injecting some jackrabbit juice into the U.S. Senate, which looks set to strengthen the ban on cross-media ownership in large markets.
On a completely unrelated note, Slateâ€™s Jack Shafer calls out Murdoch for what Shafer says is habitual lying about his 1993 decision to dump the BBC from his Star satellite TV system. The short piece is of mainly historical interest, although it does manage to use the term â€œgenocidal tyrantâ€ as anchor text. If you query Google on that term, you get a page full of Murdoch references.
- The Boston Globe avoided layoffs as 23 employees accepted buyout offers. We just donâ€™t know who they are, and the Globe intends to keep it that way. Romenesko has the memo.
- A day after Wall Street pushed stocks of three newspapers to historic lows, the issues bounced back big on Thursday. Some bloggers are calling the stocks a bargain at current levels and fears appear to be easing about the credit crunch, which should lift spirits at debt-laden newspaper companies.
- Nielsen posted comparisons of view time spent on various newspaper sites in March, 2008 versus a year earlier. Editor & Publisher noted that only 11 of the top 30 sites reported increases. What struck us was that the Minneapolis Star Tribune and Houston Chronicle websites get almost as much reader time as NYTimes.com and significantly more than WSJ.com. What are they doing right?
This entry was posted on Friday, April 25th, 2008 at 8:02 am and is filed under Business News, BusinessModel, Journalism, Local news, NewMedia, Newspapers, Regulation. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.