Breaking News: Rupert Murdoch buys Dow Jones for $5billion July 6, 2007Posted by John in Technology.
Open job offers at PodTech for Dow Jones top editors and journalists. Business Online is reporting that Rupert Murdoch succeeded with his $5 billion bid for Dow Jones. This will change the landscape of blogging and video.
The crown jewel is the Wall Street Journal. News Corp will now have the ability to hire and fire the top editors. I expect to see a mass exodus of professionals hitting the web as their own businesses. Walt Mossberg and Kara Swisher are already doing it with All Things D and the D Conference. This is the new media model – a direct business model for professional producers. News Corp will be an online powerhouse overnight if they do it right. Will there be a revolt? What does this mean?
This means that we will see a massive infusion of credible journalists taking up blogging and video. This will be a relief to users because right now we are dealing with the “Nick Douglas” factor – people who make up stories and promote their fiction as ‘matters of fact’.