Biotech Values

[DewDiligence]

[OT] Has anyone noticed how the WSJ has been dumbed
down lately? They’ve had feature articles on how to buy
draperies and how to manage a wardrobe of 100 pairs of
shoes. Well, it could get worse before it gets better.

http://online.wsj.com/article/SB120887959358334849.html

>>
Editor Out as Murdoch Speeds Change at WSJ

By JESSICA E. VASCELLARO, MERISSA MARR and SAM SCHECHNER
April 23, 2008

Four months after buying The Wall Street Journal, News Corp. is poised to choose its own person to run its news pages.

Marcus Brauchli, who took over as Journal managing editor less than a year ago, confirmed Tuesday he was stepping down. "Now that the ownership transition has taken place, I have come to believe the new owners should have a managing editor of their choosing," he said in a note to the staff.

Mr. Brauchli's departure likely heralds a more dramatic shake-up at the Journal, which has seen a shift in focus since News Corp. bought the Journal's parent, Dow Jones & Co., in December for $5.16 billion. In recent months, the paper has begun putting more emphasis on shorter news stories and more general news, as part of a push by News Corp. Chairman Rupert Murdoch to broaden readership and to compete more directly with the New York Times.

Mr. Murdoch was impatient with the pace of change, say people close to the situation, and whoever takes over is apt to speed up the change process. The identity of the next editor isn't clear. Dow Jones said in a statement it would "begin a search for Mr. Brauchli's replacement immediately."

Etc.
<<