Murdoch and Wall Street Journal
Andrew Ross Sorkin speaks about Mudroch’s seemingly imminent purchase of The Wall Street Journal in this video clip from the Charlie Rose Show.
“The New York Times is going to have to compete against a business [The Wall Street Journal] that will likely lose money and not care.”
The most interesting thing about a media mogul is that their control and changes over and to an asset (in this case, the Wall Street Journal) can be powerful, but simultaneously extremely subtle. This means that the source of information with which you were familiar still seems familiar, and yet can be driving toward an ulterior motive. Only a few years and some good analysis will determine how Murdoch changes the Wall Street Journal.