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Breaking News: Rupert Murdoch buys Dow Jones for $5billion July 6, 2007

Posted by John in Technology.
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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’.  

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Comments»

1. Rob McCallahan - July 6, 2007

I totally agree with you that we will see a layoff of journalist who will be out in the cold. What’s interesting is that journalists have been trained for years not to think on their own and now have to face the realities of taking up their own brands on the net. What is your offer for journalists? I saw your company’s deal with the San Jose Mercury News very interesting.

2. Web Strategy by Jeremiah » Dow Jones to be part of Rupert Murdoch empire - July 6, 2007

[…] I just learned from John Furrier’s blog that Rubert Murdoch purchased Dow Jones for 5 billion. […]

3. John Furrier on Entrepreneurial Journalism | AEJMC Membership Forum - July 8, 2007

[…] 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?  […]

4. The Glenn Beck Review - June 19, 2010

I have a post up this weekend about Rupert Murdoch that may interest you. When I found the information, my eyes popped out.


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