Continuing Coverage of the Dow Jones Story
The depth of the panic of the New York Times (NYT) over the acquisition of Dow Jones & Co. (DJ) and its accompanying Wall Street Journal by Rupert Murdoch and News Corp. (NWS-A) is surprising even to me.
In a Drudge flash report, it says that Times reporter Russ Buettner has been digging around News Corp. executives trying to drum up something that will put Rupert Murdoch, Roger Ailes and Rudy Giuliani together in some way that will undermine the integrity of the Wall Street Journal before it's even officially taken over by the company.
What the Times is trying to do is connect Fox News head Roger Ailes and Rudy Giuliani showing that the relationship is resulting in more coverage for Rudy on the network.
According to insiders, Buettner will say, "Ailes served as a consultant to Giuliani's first mayoral campaign. Giuliani officiated at Ailes' wedding and intervened when Fox News [was] blocked from securing a cable station in the city."
Evidently this nonstory is set to be a Page One story for the Times, said the Drudge news flash.
What this is all about is the second round of the Dow Jones' acquistion story; it's only just beginning. The original attacks have of course already failed, now the continuing attempt to smear Murdoch and News Corp. will continue by the Times, who realize the trouble they're in.
Part of the reason is Murdoch is probably going to start including news stories in the Journal, which will challenge the Times directly. Don't misunderstand this, the Times is in for the fight of its life. With their numbers continuing to decrease, they're now having to face of their most potent adversaries in News Corp. and the Wall Street Journal.
Not only will it compete on the print side, but with News Corp.'s stable of properties, it will compete across any platform the Times is on.
Drudging up (pun intended) some type of alleged impropriety on Ailes and Giuliani's part, shows they have nothing left to fight with. When mudslinging is all you have left as a company, you're in big trouble.
It this story ends up running as it's reported, it'll show the New York Times knows it's facing a big problem, as they resort to "panic" actions to try to shore up its crumbling, declining empire.
Related Coverage:
Foes of Dow Jones' Deal bring up Antitrust as an Issue
Wall Street Journal Editorial Pages Support Rupert Murdoch
Rupert Murdoch Says He's About Ready to Walk Away from Dow Jones Deal
Bancrofts in Denver Trust Want More Money: Ready to Vote Against Murdoch if Price not Raised
Brad Greenspan Makes Yet Another Proposal to Dow Jones
Bancrofts Meeting Monday to Discuss Selling Dow Jones Co.
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» Much Ado about Rupert Murdoch, News Corp, the Wall Street Journal, Dow Jones, and the Bancroft Family from Know More Media
The news of Rupert Murdoch’s News Corp.’s recent acquisition of the Wall Street Journal and Dow Jones from the Bancroft family is a topic that has sparked much debate in the media. Some people are worried that Murdoch will... [Read More]
Tracked on: August 2, 2007 5:18 PM | Permalink to Trackback