|
|
Article: Dow Jones Enters News Corp. Fold
- Article from:
- AP Online
- Article date:
- August 1, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
|
NEW YORK - Had it continued on its own, The Wall Street Journal would have faced a brutal slump in print advertising that is plaguing the newspaper industry as well as fierce competition in the market for delivering business news.
Now that it's part of Rupert Murdoch's media empire, Journal publisher Dow Jones & Co. will have access to several things it would have had a tougher time finding alone: capital to invest in new digital distribution channels; ready access to multiple media platforms and more muscle to compete against rivals at home and abroad.
Many had opposed the deal, both within Dow Jones and outside. Numerous people posting on a discussion board on
http://www.WSJ.com
...