Labor vs Capital at the WSJ

The Wall Street Journal’s reporters want Rupert Murdoch’s money – and

they’re not shy about asking for it. Jeff Bercovici tells

us that they’re going to be "picketing and chanting slogans in front

of their offices at 200 Liberty Street from 11:00 a.m. to 1:00 p.m." today.

Chanting slogans, eh? I’m sure that Murdoch would love his reporters to be

happy – although it’s worth noting that he doesn’t actually own Dow Jones

yet – but I very much doubt that chanted slogans are going to sway him

very much. This is the man, remember, who fired 6,000 newspaper workers in the

UK when they went on

strike in 1986.

On the other hand, the WSJ’s hacks are surely grateful right now that their

new boss is Murdoch rather than Vladimir

Putin. Truly, the sale of Dow Jones to News Corp is looking more than ever

like the least-worst option for the company.

This entry was posted in Media. Bookmark the permalink.