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The Wall Street Journal

The Wall Street Journal

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The Wall Street Journal

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  1. The Wall Street Journal

  2. In a few words… • American English language daily newspaper based in New-York city • Created in 1889 by Charles Dow, Edward Jones and Charles Bergstresser(Creators of Dow Jones & Company) • 750 staff members in the world. 12 bureaus in the US and 35 internationally. 26 printing plants • 2 000 000 copies per day • Non specialized newspaper • One of the only two national daily newspaper in the US (with USA Today) • Won the Pulitzer price 33 times

  3. Website • Launched in 1996 • Most important economic news website • Largest paid-subscription news website • In 2007, the Journal launched a worldwide expansion of its website to include foreign-language editions

  4. EconomicsOnly? • Considered as a bible in the business world • Journal’s editorials : united by the mantra "free markets and free people" • TheJournal primarily covered American economic and international business topics, and financial news and issues • Still considered as a symbol of the economic newspapers. The Journal came under heavy fire of the movement Occupy Wall Street. They created a Newspaper named “The Occupied Wall Street Journal” BUT • Since 2007 and Rupert Murdoch buyout, the newspaper became less specialized : International stuff, politics, sports and culture took up space • Since 2008, a lifestyle supplement, named WSJ., come out every semester

  5. Murdoch’sBuyout : Times of change?

  6. Opinion changes • “On our editorial page we make no pretense of walking down the middle of the road. We believe in the individual, in his wisdom and his decency. We oppose all infringements on individual rights. People will say we are conservative or even reactionary. We are not much interested in labels but if we were to choose one, we would say we are radical. Just as radical as the Christian doctrine » • A 2004 study calculated the ideological bias of 20 media : The news reporting of The Journal was the most liberal, more liberal than NPR or The New York Times. • The acquisition by News Corp in 2007 led to discussions about whether the journal would “exhibit a rightward slant” under Rupert Murdoch. • In an editorial, Journalist Gordon Crovitz said the Bancrofts (the former owner) and News Corp (Murdoch’s company) had agreed that the Journal's would continue preserving its editorial independence • But recently, some former Journal reporters said the Journal adopted a more conservative tone, critical of Democrats.

  7. Quality changes • Coverage of the financial crisis lacks analytical rigor ; articles are shorter; editing standards have declined; the newspaper is abandoning a rich tradition of long-form narrative journalism. • Glenn R. Simpson, who left the newspaper in 2009: “Murdoch has smothered The Journal and made it ordinary” • Dennis Prager (former journalist of the Journal) : “An old copy of the Journal was a bit like an old copy of The New Yorker: one could pick it up months later and find something fresh, enduring and original. Today, if you pick up a month-old copy of the Journal, you will mostly find stale news”.