Rupert Murdoch didn’t overlook The Wall Street Journal in his publicity blitz to promote News Corp.’s plan to split up into two publicly traded companies, one for newspapers and publishing, one for television and entertainment.
At street level, 1155 Avenue of the Americas is Thomas Pink, but upstairs it’s Don Draper meets Dow Jones. The News Corp.-owned publisher has signed a 117,000-square-foot lease for 10 years for advertising-sales offices on the third and fifth through eighth floors of the Durst Organization‘s 41-story black granite tower.
The 1984 Emery Roth & Sons-designed Read More
With its last Tina Gaudoin-helmed issue currently on newsstands, WSJ. Magazine has brought in Andrew Cenname to become publisher of The Journal‘s glossy, Dow Jones announced in a statement. Cenname had previously been vice president and advertising director at Travel + Leisure.
WSJ., launched in 2008 as an answer to The New York Times’ T Magazine, Read More
Dow Jones Newsletters reporter Samuel Rubenfeld is displeased with Politico over an article about a recent deal in the Senate.
“Hey @politico,” he wrote on his Twitter account this afternoon, “do I have to say it again? FUCK YOU. How about posing this in a policy angle? Can’t do that, huh.” Read More
On Thursday, May 6, at 2:45 in the afternoon, the billionaire industrialist Wilbur Ross was interviewing a job candidate in his 27th-floor office when his computer screen went all red. The Dow, which had opened the day above 10,800, began falling. It dropped, paused and then plunged monumentally, down past 10,400 and 10,000 and then Read More
Do you remember where you were when the market crashed yesterday? These people certainly do. Here are some Wall Street denizens caputured on camera, and the pictures are worth a thousand words, or six exclamation points.
(with apologies to Brokers With Hands on Their Faces)
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New theory: As the stock market continues to go down, down, down, Manhattan’s apartment vacancy rate will go up, up, up. Back in August, before Lehman Brothers imploded, the vacancy rate was 1.39 percent in Manhattan, according to statistics from Citi Habitats. Their February report, available here (PDF), indicates a 2.46 percent vacancy rate, Read More
In the memo in which Dow Jones editor in chief Robert Thomson announced there would be job cuts at The Journal, he also said: "Our new budget includes an ambitious expansion of our web and international operations, both for the Journal and for Newswires, where we are adding 95 journalists over coming months."
So where Read More
The Wall Street Journal‘s longtime and well-liked First Amendment lawyer was fired by a Dow Jones senior executive, a recent hire by Rupert Murdoch.
The lawyer, Stuart Karle, had been with the newspaper since 1992. Yesterday afternoon Mr. Karle was called into the office of Dow Jones’ counsel, Mark Jackson, who was formerly the Read More
Yesterday at The Wall Street Journal, there were resignation announcements, multi-million dollar severance packages, and plans for trans-atlantic trips. And over the next few months, the shakeup is likely to continue.
Rupert Murdoch takes formal control of Dow Jones and The Journal on Dec. 13, but he moved yesterday to install two trusted lieutenants, and Read More