MediaFile

Wall Street Journal journalists may be chafing to various degrees over the paper’s impending takeover by Rupert Murdoch’s News Corp, but Publisher Gordon Crovitz told folks at the Future of Business Media conference on Tuesday that the one thing they don’t have to worry about is their paycheck:

If the highest-paid journalists don’t work at Dow Jones, where would they work? I’m delighted that we have very well-compensated news people. We have the best journalists in the industry. We ought to pay the most.

Having said that, I’m sure that News Corp keeps an eye on the markets and the benchmarks and the bottom line as we have to. So I certainly don’t expect any radical change in basic compensation. Rupert Murdoch has expressed great ambition, I would say, for the Journal and I would expect there to be significant investment in the Journal, including journalism.

OK, Dow Jones folks. How generous is generous?

(Photo: Reuters)