Business news analysis service Breakingviews.com isn’t doing too shabbily since getting the boot from its longtime space in The Wall Street Journal. Not long after that happened, it wound up in The New York Times and its sister paper the International Herald Tribune, as well as the Daily Telegraph. (And occasionally it shows up in the Journal through the miracle of advertising.)
When the markets go south and most people are losing, it’s safe to say that there are some others who are winning, or at least spotting opportunities. You could say that about the Financial Times and its chief executive, John Ridding, who is finding a business angle on what they say about the editor’s decision-making process: “If it bleeds, it leads.”The London-based FT is building up a pretty good head of steam, particularly in the United States, as the effects of the financial crisis ooze into yet more corners of Wall Street and Main Street (sick of the “streets” cliche yet?). Here’s evidence, some of which Ridding gave me when we had breakfast at Michael’s last week:
The Wall Street Journal recently stopped carrying the Breakingviews business analysis column in favor of its expanded in-house Heard on the Street column, but Breakingviews still managed to crash the party in Wednesday’s paper. In true merry-prankster mode, the Breakingviews ad urges readers of Heard on the Street to think about what they’re missing and how to get a new fix. What the ad doesn’t mention is that The New York Times picked up Breakingviews for its business section just after the WSJ dropped it. Such a move would be a real paper cut.
Esquire magazine is running a Q&A with News Corp chief Rupert Murdoch, in which in the international media tycoon talks about his upbringing, what makes Murdoch Murdoch, his new crown jewel The Wall Street Journal, Fox News and a host of other subjects. Without further ado (warning: look out for some inappropriate language):
For better or worse, Rupert Murdoch has made big changes to the look and feel of The Wall Street Journal. But whatever your take, it’s hard to dislike a man who loves newspapers so much, says Marjorie Scardino, CEO of Financial Times owner Pearson.