They call it the Duck Pond, but it’s actually teaming with (vicious) swans. It’s considered a big media and tech powwow, but a broad swath of global corporate titans of finance and politics round out the guest list.
The rap on The Wall Street Journal, especially among those who get edited for a living there, is that the editing process could use a little streamlining. It looks like that’s about to happen, judging by Thursday’s memo from top editor Robert Thomson. This is part of a series of personnel changes taking place at the Journal since News Corp bought Dow Jones last year, including the resignations of top editor Marcus Brauchli and top U.S. editor Bill Grueskin:
When Rupert Murdoch said the other day that he wasn’t investing in newspapers anymore, we assumed that he was being ironic, especially as it came in the same telephone conference call with News Corp analysts and reporters in which he said that he thought his agreement to buy Newsday from Tribune Co was all but sewn up .
For a mogul who’s spent a lifetime snatching up newspapers across the globe — and who spent the better part of his time talking about them on Wednesday’s quarterly earnings conference call — we found it surprising that he insists he’s not spending more money on the dying print business.
And it was thus decreed that the messengers of Steve Ballmer were sent far across the land to say No to an alliance with the kingdom of Yahoo:
“Yahoo could always come back again and say please buy us for $33 (a share) and I’m sure we might reconsider it, but we’re not assuming that’s going to happen,” Microsoft Chief Research and Strategy Office Craig Mundie to Reuters in Jakarta, May 8.