Will the Wall Street Journal Fall With Murdoch?Quicklink submitted by Amanda Lang Permalink
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|The New York Times reports today on the mounting investor pressure on Rupert Murdoch's NewsCorp to sell its UK newspaper division. 'Wall Street would love it even if negative news drove to a sale or separation of the newspaper group,' said Richard Greenfield, a media analyst at BTIG. The Wall Street Journal is operated separately from the British papers. But it's hard to imagine that a post-Murdoch management team would want to continue to operate one newspaper after having sold all the rest. If the business decision is to quit the newspaper business to refocus on TV and movie entertainment, surely they'd want to quit entirely?|
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