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Another Wrinkle On The Dow Jones Sale

Posted by: Jon Fine on August 6, 2007

New York magazine puts its finger on one other potential side effect of Murdoch’s purchase of Dow Jones which I haven’t heard mentioned much.

A Murdoch owned Wall Street Journal makes that paper’s percolating notion of starting weekly glossy magazine section—as New York mentions, a prototype exists—much more likely to see the light of day. (All the better to compete with the New York Times, and for the Saturday Journal to compete with the Sunday Times, and the Times
Magazine … )

This, of course, happens as practically every other print newspaper in America not named “The New York Times” or “The Wahsington Post” is shuttering its standalone weekend magazines, not starting them.

Reader Comments


August 14, 2007 10:47 AM

If you read last week the WSJ, you can see no more stories about insider trading, market timing,late trading and who lost money in the sub-prime disaster, which were among others the partners of R.Murdoch and Blankfein of Goldman Sachs: Maurice Greenberg and Eli Broad, who lost a cool billion, plus the 3 billion lost by G.Sachs, makes a total of 4+ billion, but did the WSJ mention any of it ? nooooo!

Another fact lost in the " new WSJ spin " is what F.Norris-NYT and others are saying: it was Alan Greenspan the one pushing Wall Street and his Hedge-Funds partners into packaged sub-prime loans and mortgages the last 2 years,he is of course now moving quickly to Deutsche Bank as adviser so he can download the sub-prime garbage to the germans and later blame it on the European Bourrrocrats,the usual neocon switcherooo!,isn't wonderful?

i hope this great section will cover the new 700-Mhz radio spectrum auction again, ,because as many point out, Verizon or ATT will try to grab a 22 Mhz chunk to keep others from offering truly open access and open options of gadgets, apps,browsers,techs. like cognitive radios,etc., a disaster for the USA economy and the last chance for kids and adults to start new enterprises, how sad to see P.Bush totally out of the loop going from one place to the other on his helicopter not even knowing of this lost chances, how sad !

the FCC is already not helping the consumers and taxpayers by rejecting any work of the White Space Coalition, MS-HP-Intel-Google-Dell-etc., who are trying to use the unused spectrum of the old TV networks, what a shame !

in the meantime China is installing oil/gas rigs,base-stations,roads and electrical grids in Chad,Sudan, Cameroon, all over Africa, while here in the USA our "politicos" are....what are they doing ??? no geothermal,no fusion,no turbines for wind and water, no E-85 or HYDROGEN or electric chargers in gas stations, no solar in roofs and gardens, nothing !

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The media world continues to shapeshift as new forms arise and old assumptions erode. On this blog, Bloomberg Businessweek will provide sharp analysis and timely reports on the transformation of this constantly changing terrain.



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