If you have any doubt that The Wall Street Journal is fast becoming steeped in the corporate culture of Rupert Murdoch's News Corp., check these quotations. Like Fox News, it declares victory (prematurely) and expresses contempt for rivals.
How did The Wall Street Journal go from losing $80 million one year to earning a profit in the next, in the midst of the worst climate the newspaper industry has ever faced? They're not saying, but we can speculate.
Rupert Murdoch has a history of contrarian gambles that pay off big. But with newspaper advertising in an historic slump and online ad spend overtaking print for the first time, is his new price war with The New York Times a smart move?
Correctly or naively, print publishers all seem to think the iPad, Apple's new touchscreen tablet computer, is going to save their hides -- and Wall Street seems to agree, at least cautiously, as several print media companies saw their stocks rise today.
