Dow Jones cuts back on benefits

May 18, 2009

The Wall Street Journal has been making plenty of hay about its rising circulation and the growing number of people online who are using the site, but parent company News Corp is cutting costs as the whole media business suffers from the recession. To that end, here is Dow Jones Chief Executive Les Hinton’s Monday memo on some benefits cutbacks that the company is instituting.

The Wall Street Journal and the death of print

May 18, 2009

Now you know that the uncertain future about the survival of newspapers is news: The Wall Street Journal’s op-ed page features an editorial castigating Massachusetts Democratic Sen. John Kerry and others for supporting the notion of federal government aid or bailouts for the struggling business.

Murdoch toys with idea of Kindle-like reader

May 6, 2009

Where will the mogul strike next? Doesn’t seem like he’s yearning right now for The New York Times, which is doing battle with a guild that doesn’t want to give up lifetime job guarantees of 190-odd Boston Globe staffers.

Pay old-media execs to help you charge for new media

April 14, 2009

Three of the traditional media world’s brightest stars have a bright idea: Start a consultancy to help old-media companies charge for their content online. (And announce the venture in an old-media publication.)

The media is hungry for corporate excess

March 13, 2009

Guess where the paparazzi are training their lenses these days? For those of you who missed it, The New York Times writes that gossip rags have all but abandoned Britney Spears for the thrill of capturing corporate excesses on camera. From the paper:

Wall Street Journal finds friend in Chicago

March 10, 2009

…And we’re not talking about Tribune Chief Executive Sam Zell. We Mean Coleen Davison, private citizen, and resident of Chicago, Illinois.

Chernin parachutes, Murdoch keeps flying

February 25, 2009

News Corp President and Chief Operating Officer Peter Chernin’s perks after he leaves News Corp at the end of June are basic compared with some legendary golden parachutes, though they’re still worth more money than I make in a year. Or 10 years for that matter.

iPhone App Store rings up 300 million downloads

December 6, 2008

For those Apple iPhone devotees out there, this may fall in the category of “duh,” but let’s just make it official: apps are popular. The company said Friday 300 million apps have been downloaded from its App Store, which only opened for business in July.

from Summit Notebook:

WSJ reporters get, dig change

December 4, 2008

We and the rest of the media world that covered News Corp and Rupert Murdoch's acquisition of Dow Jones & Co had no shortage of reporters at The Wall Street Journal telling us how bad life was going to get. Among the complaints was the paper's increasing focus on politics and non-business news. Wasn't this "diluting the brand" as they say in mediaspeak?

Wolff opines on Murdoch… again

October 31, 2008

Can you tell it’s book-flacking time?

Vanity Fair is running the second excerpt from the forthcoming book that Michael Wolff wrote about News Corp chief Rupert Murdoch (this one centers on his family), and Wolff is making the rounds this week to talk about it. He was on CNBC moments ago, engaging in everyone’s favorite media parlor game: Parsing Murdoch’s every move like a multi-clause sentence. Friday’s appearance follows a panel discussion at a PaidContent.org conference earlier this week where he made similar remarks. Here’s what he said on CNBC.