On the same day that James Murdoch was fighting for his career at a parliamentary hearing on Thursday in London, Sony’s CEO Sir Howard Stringer was making fun of the whole situation an ocean away.
By Gregg Easterbrook
The views expressed are his own.
Today’s Wall Street Journal in its lead editorial declares Rupert Murdoch and News Corporation all but saints walking on Earth, claiming “politicians and competitors are using the phone-hacking years ago at a British corner of News Corporation to assail the Journal and perhaps injure press freedom.”
The organization that keeps up with newspaper circulation released another bleak round of numbers this morning. For the 602 daily newspapers that reported into the Audit Bureau of Circulations, total daily circ plummeted 8.7 percent while Sunday circ for 548 papers fell 6.5 percent for the six months ending March 2010 compared to the same period last year.
This morning New Yorkers finally got a glimpse of The Wall Street Journal’s New York edition, a standalone section that promise to offer an alternative to the coverage of Gotham. “A national newspaper with a New York heart,” was the way Les Hinton, publisher of the Wall Street Journal, described the new edition during a breakfast for advertisers and media this morning.
The Wall Street Journal, ever on the hunt for new ways to please its readers and new ways to make money (and what, we ask, is wrong with that?), will launch a new, pricier version this November. Called “The Wall Street Journal Professional Edition,” it is designed for business readers who want more than what the daily newspaper and website provide on their own.
Earlier this week I brought you the brewing circulation tussle between USA Today and The Wall Street Journal, and which paper will be able to claim to be the largest one in terms of circulation. You can read that here, but for the recap, here are the main points:
If you read often enough about the supposed death of the newspaper business, you would think that the nation’s newsrooms are increasingly depopulated, barren places, with darkened offices and empty cubicles… the occasional tumbleweed blowing past. (Actually, large stretches of Tribune Co’s New York bureau look just like that, as I saw earlier this year).
They moved your markets. Now you can move their bank accounts.
The Society of American Business Editors and Writers, or SABEW, is hosting an event next week at Columbia University’s School of Journalism to help business journalists who have lost their jobs or found themselves in other tough straits because of the biggest story on every business reporter’s beat — the financial crisis. Here is the text of the invitation: