Hm. Did we just get a buried lead in the Fox Nutwork's Cavuto report on the acquisition of the Wall Street Journal by THE NEW YORK POST?
(SNIP)
Former WSJ managing editor Norman Pearlstine told Cavuto, Murdoch "will invest in ways that may well surprise people.. I wouldn't be surprised if you saw more color in the paper than there has been in the past and I don't rule out the possibility of using the (printing) presses for a national edition of New York Post."
(SNIP)
You can see already the hands-on merging of the New York Post with The Wall Street Journal here. I won't criticize the family that sold out this newspaper; but the hard cold fact is this:
The Wall Street Journal as a news entity, as a brand, was flushed down the toilet today. The cold hard fact: the former Wall Street Journal brand was simply acquired to give the Fox Business cable channel a brand identity...
but really, what happened was that The Wall Street Journal brand was devoured whole by something much bigger, the New York Post tabloidism, and the Fox Noise Nutworks propaganda machine.
All of the Wall Street Journal cachet disappeared instantaneously in the acquisition and makeover; it's now just an upscale brand of the odious worldwide Murdoch tabloid networks in print and cable. No more credibility; it's already the Peggy Noonan show at the Journal; now it's the Cavuto and O'Reilly and Hannity show. Come back in a year and see if I'm right. In fact, come back in two weeks and see if there are three front page stories and analysis and investigative reports of New York Governor Spitzer.