Dow Jones that owns Wall Street Journal, MarketWatch and Barron’s Magazine has been acquired by News Corp, a group popularly known for MySpace, New York Post, Fox and the Star TV channel in India.
News Corporation can hire and fire the top editors and publishers; but a nominally independent five-person committee will have the right of veto on these decisions.
John Furrier of Podtech expects to see a mass exodus of professionals hitting the web as their own businesses. Walt Mossberg and Kara Swisher are already doing it with All Things D and the D Conference.
Related: Wall Street Pencil Sketch Portraits
Update: Linda Dunbar of Dow Jones has issued a comment that the story is incorrect.
Find this article at: http://www.labnol.org/india/interesting/wall-street-journal-fox-and-myspace-now-have-the-same-parent/772/
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Reader Comments
business diversification makes pertinent business sense.
Written by Rajeev on 07.07.07