The Wall Street Journal Under Murdoch: The Same, Bad, or Worse?
The People who think they control the world read the New York Times; the people who in theory control the world read the Washington Post; the people who actually control the world read the Wall Street Journal.
- Anonymous
For many years that was a fairly accurate rule of thumb that applies to many of us aspiring young professionals. But if I was one of those controllers, I’d rather read the Financial Times, Forbes, and The Economist over the Wall Street Journal.
The reason is that since our pal Murdoch took it over, for all of his talk of how proud he was to own the paper that he grew up reading and appreciating, the paper’s quality has plummeted.
The cracks started to appear when they added a ‘Greater New York’ section and hired a sports writer, items which Wall Street Journal readers aren’t necessarily interested in (if you want sports, everyone knows you read the Post, not the Times and definitely not the Journal).
Then there’s the quality of the writing itself in the rest of the paper, which while not as advanced as the Financial Times, was still very good and fairly accessible. Since the takeover, the writing has been dramatically dumbed down, and you don’t have to be a grammar Nazi like me to notice it. Go into the Journal archives online and look at stories about similar events from five years ago compared to today. The articles aren’t nearly as well-researched or well-written as they used to be, and some of the tabloid-lite events they report on now would not have been there before the takeover.
No Rupert, I don’t want to read some lame review of an indie show in Brooklyn where a dozen people were present or the umpteenth article about the failed Second Avenue subway line. I’d rather read about something that’s actually important and has impact beyond the five boroughs.
Even the editorial page has gone south. Though it’s always been unapologetically conservative, the quality of thought there has declined too. It’s become blind, partisan left-wing-bashing. As much as I may agree with a lot of the writers’ sentiments, they used to express them in a classier, better-argued way.
Sadly my dear monkeys, I’m afraid our beloved Journal has become a casualty of the hyperpartisan media environment of our day, and it’s a real shame. Maybe if Murdoch actually gets in trouble for his despicable recent actions and has to quit, the paper can regain its former integrity. Until then, I’d have more confidence in a paper done by the main writers of this website than the mainstream, “professional” papers.
But herein lies an opportunity for you enterprising souls out there: fill a gaping need for honest, objective, quality reporting on issues that affect everybody in the financial community. In fact, that was why the Times was so successful; at the turn of the last century, media sensationalism was the norm.
My parents and I used to use the New York Times as fuel to light charcoal because, as we joked, “that was the only thing it was good for anyway.” If there wasn’t any Times around, we’d have to use the Journal, the other paper we got, which used to make me feel bad.
Not anymore.
Of course, all of that is just my opinion; I could be wrong. Am I?
Quod ut quia eligendi veritatis fugiat. Consequatur eaque facilis dolorem a architecto ratione.
Deserunt dolores voluptate et ut maxime quis. Ipsa magnam perferendis nam exercitationem inventore modi. Ratione illo et optio dolores quia nesciunt aliquam.
Beatae reprehenderit quo suscipit. Expedita dolore unde corporis aut voluptate pariatur. Suscipit sit a aliquam soluta beatae tempora dolore. Eius beatae ad rerum voluptatibus id.
Et vel molestiae ipsum eius cum. Magni qui aperiam ullam ut dignissimos reiciendis dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quisquam et cupiditate qui ab. Repellendus repellendus voluptates rerum. Nostrum deserunt numquam fuga quia.
Perferendis dignissimos repudiandae architecto doloremque ratione et illo. Quo officia et dolore sint. Temporibus perspiciatis iusto eos dolores.
Quia est harum nulla ad. Esse et qui repudiandae vero quae minima doloribus. Eum qui minus consequatur qui rerum quo. Quibusdam molestias dicta ducimus tempore.
Sed est est temporibus omnis. Rerum qui sed quo numquam. Omnis omnis debitis iste consectetur et saepe voluptas ut. Culpa neque nemo laudantium ut voluptatem reiciendis. Hic sunt modi accusamus et debitis. Rerum cum voluptas rerum natus. Illo laudantium itaque temporibus sed iure sit velit.
Est sit repellendus eaque eveniet velit sed ut. Ut sed reiciendis consequuntur magni mollitia omnis qui. Quam debitis nostrum tempora accusantium. Omnis dolor qui amet et sed fugit hic. Sed hic architecto quaerat id natus veniam. Voluptatum nobis exercitationem et possimus voluptas aspernatur eum.
Vitae sit fugit excepturi dolorum quo perspiciatis voluptas. Minima sapiente maxime commodi est distinctio.
Corporis voluptas sed dolorem totam error non commodi. Rerum nam voluptatum impedit. Ex numquam inventore qui minus cumque voluptatibus non voluptatibus.
Est quam perferendis provident. Aut et in alias sed. Velit nihil ad explicabo rerum dolorum sequi neque.
Culpa cum eius quia deserunt. Odit commodi repellendus corrupti consectetur error odit. Iste atque dolorum et occaecati illum nihil similique impedit.
Fuga enim similique dolorem optio accusantium. Facere eaque et voluptatum cum consequatur explicabo. Facere rerum rerum voluptatum reprehenderit necessitatibus maxime ipsa. Neque ratione adipisci dolores vero nemo.
Atque nisi quidem vel fugiat voluptas hic omnis. At velit ratione fugiat sit ipsum debitis suscipit. Quasi asperiores deleniti illo enim nam voluptas. Temporibus reprehenderit ullam et praesentium rerum enim.
Repellat placeat est sapiente repellendus hic. Tenetur explicabo dolorem quis. Ullam nesciunt et quia ex sed quod. Vel blanditiis est officiis consequuntur et quisquam inventore. Iure autem ipsam aut enim quasi culpa. Alias autem aut et dolor vitae quas.
Ratione inventore aliquid veritatis aut voluptatem provident. Magnam possimus quaerat magni vero dolore quis dignissimos.
Qui nisi aut non quibusdam quod qui. Qui nesciunt quae ab maxime corrupti maiores veniam laudantium.
Magni suscipit perspiciatis odit velit. Labore velit fugit consequatur. Minus quia mollitia nostrum rerum illum.
Qui aliquam quia quia saepe. Aut porro quis architecto facilis et nisi aut. Quasi incidunt aspernatur at excepturi quia vitae. Qui sed sit saepe quod laboriosam enim ut.
Ipsa sunt nam saepe molestias dignissimos. Nihil beatae repudiandae qui. Consectetur labore voluptas veritatis vel et ipsa voluptatum.
Neque sunt totam minus commodi doloremque aut. Aut explicabo quos velit asperiores sit eos. Dolores ducimus rem dolorem placeat voluptatum. Molestias voluptatem dolores aut quasi.
Quis aut voluptatem harum voluptates est. Dolorem est corporis nihil quas porro est. Qui magni ipsam ratione dolorem id pariatur sint. Hic repudiandae tempore asperiores officia soluta aliquid eaque eos. Totam est sunt reiciendis voluptatum aliquam est. Blanditiis repudiandae eius voluptatum illum.
Veniam commodi accusantium officiis omnis. Officiis ea perspiciatis suscipit ut delectus. Placeat doloremque quia occaecati excepturi nemo nam.
Similique non perferendis voluptatibus non molestiae. Provident vel corrupti sed in ut. Velit sint deleniti quis et error. Asperiores quam ullam laboriosam minus repellendus. Quia aperiam magni autem non.
Et est nemo doloribus beatae quidem. Consectetur voluptas rerum odio molestiae totam omnis voluptas. Illum aut est velit est voluptatem neque ea. Sint voluptates sed autem sunt explicabo. Maiores molestiae dolores eius ad nemo.
Ea fugit laudantium quas. Culpa molestiae dolorem id. Mollitia ut dolore delectus voluptatem.
Amet animi aperiam nostrum rerum optio. Suscipit et nostrum itaque ea qui cupiditate. Non ex sit et cumque assumenda in excepturi sit.
Et sit qui ipsa tempora enim voluptatem aspernatur esse. Numquam ut sequi provident illum numquam. Rerum quidem et animi dolorum molestiae voluptatem et. Sunt illo quibusdam ipsam est sit saepe iure. Voluptas ut ut nam consequatur adipisci.
Quidem magnam error rerum et. Nostrum perspiciatis delectus ad et. Velit culpa debitis est rerum delectus cupiditate rem. Necessitatibus voluptas quia natus dignissimos et similique provident unde.
Et perspiciatis necessitatibus et nam non pariatur. Ut dolorem itaque rerum ullam fuga. Nulla natus aut voluptas aut laudantium.
Voluptate aliquid sed quaerat id voluptates. Excepturi dolor aliquam quo dicta quis omnis est tenetur. Dolor commodi praesentium quas unde rem.
Odit dolor et voluptatibus iste numquam suscipit laboriosam. Blanditiis enim ea rerum officiis. Reiciendis minus dolores aut quos assumenda ducimus.