Has Rupert Murdoch turned The Wall Street Journal into Fox News?

I’ve been reading and subscribing to (in print and online) The Wall Street Journal for more than 30 years.

I’ve enjoyed the financial news reporting, a passion (and skill) of mine for decades. I’ve also enjoyed reading The Journal as an investor. It’s more sophisticated than most U.S. newspapers.

But under its relatively new owner Rupert Murdoch, I find The Journal is increasingly akin to a print version of Fox News, another one of Rupert’s creations.

To be sure, The Journal’s commentary always has been conservative, but now it is creeping into the news pages. One example is here.

It’s sad that a publication once respected for its insightful financial reporting is becoming more like a newsprint version of Fox.

For financial news, I increasingly go to Bloomberg, the Financial Times and the myriad investor forums that the Internet has brought us. The internet has changed the media landscape, as I have said many times before.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

11 thoughts on “Has Rupert Murdoch turned The Wall Street Journal into Fox News?”

  1. A century of Bancroft-family ownership at Dow Jones & Co. is over.

    Rupert Murdoch’s News Corp. sealed a $5 billion agreement to purchase the publisher of The Wall Street Journal after three months of drama in the controlling family and public debate about journalistic values.

    One of the oldest and best-known franchises in the newspaper industry, beset in recent years by business pressures, now enters a new era as part of a world-wide media conglomerate. The 76-year-old Mr. Murdoch, whose properties range from the Fox television network to the Times of London, negotiated hard to win the paper he long coveted.
    From Wake up America. August, 2007

    Journalism, as it once was, is gone. Only now, with the online blogs do the people have a voice and interaction that hopefully will continue to free up our lived truth. If, and only if, we can learn to talk to each other without attack, bullying, and lying.

    We can shift to other news for information – but, the media is owned more and more by the corporate media. They are more about making money than conveying information. We see more of it everyday, and the people are the losers.

  2. Most of the decent reporters have bailed, some almost the instance the deal was announced.

    Financial Times is it for many. It does amaze me that they occasionally break a big US story from across the pond.

  3. Talk of Murdoch brings to mind the simmering story in the U.K. About Andy Coulson and his role in a rather foul cover up of doings at Murdochs other plaything, News of the World and Prime Minister Camerons staffing choice of Coulson…amazing stuff…Kate Hancock

  4. It was once said of the Journal that “The Op-Ed page told readers what they *wanted* to hear, but the rest of the paper told them what they *needed* to hear.” Not an easy trick to pull off, but it meant the Journal was trusted by folks needing financial news.

    What’s sadder is the decline and rightward drift of the Washington Post. A once-great newspaper that has become unreadable most days.

  5. Breaking News Alert
    The New York Times
    Sat, October 30, 2010 — 7:09 PM ET
    —–

    Signal Returns After Fox and Cablevision Reach Fee Deal

    The Fox network flickered back to life in three million homes
    serviced by Cablevision on Saturday night, signaling an end
    to an unusually long and unusually bitter feud between the
    cable company and Fox’s parent company, the News Corporation.

    Fox had been blacked out in Cablevision homes since Oct. 16
    because the two companies could not agree on new contract
    terms. Cablevision services the New York metropolitan area.

    The signal was restored in time for the third game of the
    World Series, which is being televised by Fox.

    1. And where was Congress during this dispute?

      Asleep at the switch, as per usual since it went into its current deep funk after Reagan took office. The US Congress is becoming increasingly unimportant, but you wouldn’t know it from all the smoke and steam that comes out of their blowholes every two years.

      Meanwhile, back in the real world, the Texas Rangers won their first World Series Game in the franchise’s history, and I congratulate them on a game well-played. I was just glad to see the Giants not get shut out. Game 4 in Arlington should prove to be a doozy.

      It was nice to see Laura and George Bush sidled up next to Nolan Ryan. George looks a bit tattered. Perhaps he is finally reflecting on the wreckage he sees in his rear view mirror.

  6. Hard fought game for sure tonight. I don’t know that Dubya truly reflects on anything that was done during his reign of terror. Just last week he said his biggest regret in all those years was not privatizing social security. I physically recoiled at that statement. And yet here some are, ready to go back and try this arrogance again…astoundingly short sighted after what we’ve been through…Kate Hancock

  7. From Faster Times – Today – By Jeff Jarvis

    http://www.google.com/search?client=safari&rls=en&q=How+many+for+the+Rally+for+Sanity&ie=UTF-8&oe=UTF-8#q

    Jon Stewart was raising a standard for how our alleged leaders should respect us so we could respect them in return. “Because the image of Americans that is reflected back to us by our political and media process is false,” he said. Stewart was doing nothing less than resetting the relationship of the powerful to the public. He was re-empowering us. His speech and his event were profoundly democratic. Not Democratic or Democrat—democratic.

    Media took most of his barbs and for good reason. I must confess that I came away feeling a bit ashamed to be a member of the media and journalism tribe (even as I played hooky from the Online News Association’s annual and newly exuberant confab uptown). Stewart and Colbert rightfully castigated us. Oh, yes, they aimed mostly at cable news. “The country’s 24-hour political pundit perpetual panic conflictinator did not cause our problems but its existence makes solving them that much harder,” Stewart said.

    But the rest of us in the news business are not blameless. We, too, monetize fright. We are evil coaches on grade school playgrounds, making sides and then pitting them against each other. When we in the press included TV and cable news people in our journalistic club and rejected bloggers and citizens, we legitimized them. When we don’t repudiate their ways, we excuse them. Shame on all of us.

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