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18:27 December 13th, 2007

Murdoch to WSJ: Back to work!

Posted by: Kenneth Li
Tags: Mediafile

murdoch1.jpgOkay, so that wasn’t the only thing News Corp Chairman Rupert Murdoch told Wall Street Journal staffers shortly after Dow Jones shareholders approved the $5.6 billion buyout deal on Thursday.

We got a copy of the transcript of his remarks.

Key takeaways:

Don’t freak (or: “call me”):   Maybe it’s more a day of nervousness for a lot of you but I hope it’s also a day of excitement because it is a new day in the history of this company. We’ve come here to expand it, to develop it and, where possible, to improve its product. I know that change is often difficult or creates nervousness. If it’s particularly nervousness then certainly let us know. We’re very accessible people.

Get better:  If anything you will find us trying to set a higher bar. So we want to see a better paper. It’s already a great paper but everything can always improve. And we’ll be there encouraging you and helping you in every way we can.

Favorite child: As we go forward you’ll probably find particularly on the management side but all across, an ever increasing concentration on globalization in the whole world and digitization. In spite of that, for many, many years to come, the Wall Street Journal will be a key frontispiece to everything we do.

Why are you still standing?:  Well, I think that’s all we have to say so you’d better get back to work and make sure you’re not scooped tomorrow.

One comment so far

[...] Hours after shareholders holding 60.27% of Dow Jones’s voting stock approved the $5.16 billion sale to News Corp., chief Rupert Murdoch addressed staffers and pledged to set a “higher bar.” Says Murdoch: “The Wall Street Journal will be a key frontispiece to everything we do.” (http://online.wsj.com/public/article/SB 119755500310926517.html12/14, http://blogs.reuters.com/mediafile/2007/ 12/13/murdoch-to-wsj-back-to-work/ 12/1 3) [...]

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