Thursday, 24 July 2008

News from Wall Street

From Media Bistro

Former WSJ Editor Says Rupe Doing a Great Job, Mr. Hyde So Far a No-Show

Is Rupert Murdoch single-handedly keeping the WSJ a bastion of journalistic integrity? Paul Steiger, the former managing editor of The Wall St. Journal, the last one, in fact, to serve before Rupert Murdoch took over, says that he knows "something about the economics of that paper. It is not making money. [Rupe] is pouring money into that paper to try and upgrade it."
Steiger, who has since gone on launch
ProPublica, seems to have nothing but nice things to say about the changes Rupe has wrought since taking over the Journal last year: "I think, as a reader, that the Journal is doing a terrific job." Furthermore, judging from the current state of the Journal Steiger told an audience he sees no evidence of "Bad Rupert" raising his head: "I see no evidence, nor do my friends there report any evidence, of the bad Rupert showing up, trying to move the coverage in a way that advances his business interests. So, to me, my fears haven't been realized."

International Herald Tribune
New York Times

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