NationStates Jolt Archive

Oh no! My favorite source of big-business news, the Wall Street Journal, whose reporting let me know what to expect in many aspects of business--is going to become a glorified tabloid! :(

http://www.reuters.com/article/newsOne/idUSWEN989420070801

"Up-to-date purchase news: it appears that the Bancroft family has accepted and we're going to be part of News Corp. That just in," John Prestbo, editor and executive director of Dow Jones Indexes, told reporters in Chicago.

I might as well cancel my subscription now.

I've given up on business newspapers...I get all my data from primary sources and online. Sure, it means wading through pages of economic data, but it's worth it if you're really in to that sort of thing. Regardless of who owns them, the WSJ and all the others are too slow to keep up with data; I don't read commentary because it's generally useless, except the occasional editorial in The Economist or maybe thestreet.com.

News Corp. Clinches Deal for Dow Jones

Straight from their own website.

Dow Jones will set the date for a shareholder meeting to approve the deal.

I've given up on business newspapers...I get all my data from primary sources. Sure, it means wading through pages of economic data, but it's worth it if you're really in to that sort of thing.
I don't want to get *that* in-depth.

The value of the WSJ, to me, was more in the "gee, every time any business does X, seems that the next year they drown in red ink! So I'd better not go and do the same thing as those companies did!" kind of correlations I could make over time. Or, on the other hand, see what keeps working well, year after year.

And I enjoyed getting the backstory behind things like products suddenly disappearing from store shelves...without a pile of spin attached.

But from what I've heard, News Corp doesn't put out anything without loads of their own spin attached, at least not for long...

Not that the WSJ didn't have a leaning (it does - Republican), but it didn't infest the regular reporting areas like a bad case of fleas. I shudder to think what News Corp is going to do with it...if it's anything like Faux News, it'll soon be 90% columnists/opinion, 5% 1-paragraph news blips, and the other 5%'ll be ads.

They already started putting cartoons--er, "color caricatures" in it about a year ago *cringes mightily*...perhaps in an attempt to dull the readers' senses to the lameness to come!

News Corp. Clinches Deal for Dow Jones

Straight from their own website.
Dow Jones will set the date for a shareholder meeting to approve the deal.

It'd be nice if the deal fell through at the last minute.

But I don't hold out any hopes.

Let's hope The Dow Jone does not become the Fox News of business news and they can do their job without someone from the whitehouse turning up.

I've given up on business newspapers...I get all my data from primary sources and online. Sure, it means wading through pages of economic data, but it's worth it if you're really in to that sort of thing. Regardless of who owns them, the WSJ and all the others are too slow to keep up with data; I don't read commentary because it's generally useless, except the occasional editorial in The Economist or maybe thestreet.com.

The economist is worth it because it is so much more than a business rag. I don't care for the street.com.

What primary sources do you use?

Fergi America;12926009']It'd be nice if the deal fell through at the last minute.


Could well happen.

I wonder if he'll put the topless girl on page 3, or else give them their own section, in keeping with the dignity of the Journal.

:rolleyes:

Greedy pukes, the Bancrofts.

I wonder if he'll put the topless girl on page 3, or else give them their own section, in keeping with the dignity of the Journal.

:rolleyes:
Uh oh...maybe there's an ulterior motive for that newish "pursuits" section...

*shudder*

What primary sources do you use?
Trade secret. :p

Just try Bloomberg. My grandma quite likes it.

Just try Bloomberg. My grandma quite likes it.

Your grandma has a bloomberg terminal? Wow.

Let's hope The Dow Jone does not become the Fox News of business news and they can do their job without someone from the whitehouse turning up.
If they do, another source will turn up. They fill a niche right now, and if they don't service their constituency, someone else will.

Besides, the OpEd page has been as crazy as the rest of News Corp for years now--batshit crazy insane, that is.

Your grandma has a bloomberg terminal? Wow.
If she were a bit younger, I'd think she probably would. She used to work for a stock broking department at Dresdner Bank.

No, I'm talking about Bloomberg TV. Reading is so 20th century.

Fergi America;12926536']Uh oh...maybe there's an ulterior motive for that newish "pursuits" section...

*shudder*

Probably the images under * Hot new stocks *