August 13, 2007

knmurdoch_narrowweb__300×4120.jpg Via The Huffington Post:

If the Gray Lady didn't have enough problems battling industrywide woes, now she has Rupert Murdoch to worry about.

The media billionaire has made no secret of his desire to take aim at the New York Times once his News Corp. acquires Dow Jones & Co. and its flagship Wall Street Journal in a $5-billion deal expected to close this fall.

Murdoch said during an earnings conference call last week that he wanted the financial newspaper to have "more coverage of national, international and nonbusiness news . . . all to better compete with the New York Times and other national newspapers."

In private, Murdoch has been more blunt. Read more...

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