So the Bancroft family sold out at the Wall Street Journal, just as the Chandler did at the L.A. Times. The results have already been terrible for the Times, and the prospects are not much better for the Wall Street Journal.
Sure, Rupert Murdoch is a better businessman than the laggards at the Tribune Co. have proved to be. He will be able to use Journal reporting throughout his empire, perhaps, and Dow Jones will now make sales that the unimaginative Bancrofts never thought of making.
Click on link below to continue reading Ken Reich.
Take Back the Times: A Bad Day For Newspapers, WSJ, Daily News Fall
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