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Aug 1, 2007

What next for Murdoch's Wall Street Journal?

Media analysts and writers forecast what will happen now that Rupert Murdoch has succeeded in his quest to buy the Wall Street Journal. Richard Siklos reports in the New York Times that Murdoch will likely go after his newspaper and the Financial Times by "aggressively undercutting advertising and investing heavily in editorial content--particularly in Washington and international news." Poynter Online's Rick Edmonds also predicts an expansion of the Journal's Washington bureau, and not as many defections among the Journal's editorial staff as many would expect. The special committee created to preserve the Journal's editorial independence "won't amount to much," Edmonds writes.

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