Wednesday, May 21, 2008

Shorter Stories, General News for the Wall Street Journal

Shrewd Tribune columnist Phil Rosenthal reports that changes in the content of the Wall Street Journal might accelerate:
Here comes the Sun: Robert Thomson, the 47-year-old Australian whom Rupert Murdoch installed as publisher of The Wall Street Journal in December, was named its managing editor Tuesday. It was an anticipated move that signals more changes to come at the paper, which has embraced shorter stories and more general news since Murdoch's News Corp. took over.
Frugal Ben Says: Fine, that's all we need. Now more than ever, the middle classes deserve extensive, intelligent coverage of investing and financial matters to protect themselves from a government which is owned by the financial industry. So the WSJ is moving to become a USA Today with lousy pictures and no deft writing touch.

It's enough to make a person say that the corporate press has to die in order to make the American institutional press live again!

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