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Fri Oct 21, 2016, 12:55 PM

Wall Street Urinal to downsize substantially

They just issued a notice to all employees - "Take our buyout offer."

News Corp’s The Wall Street Journal on Friday offered all of its news employees the option to take buyouts, according to a memo reviewed by Reuters.

“We are seeking a substantial number of employees to elect this benefit, but we reserve the right to reject a volunteer based on business considerations,” wrote Gerard Baker, editor in chief of The Wall Street Journal.


http://www.rawstory.com/2016/10/wall-street-journal-offers-all-news-employees-the-option-to-take-buyouts-memo/

Ever since the reptilian Lord Morlock decided to add the Urinal to his Fox News mega-corp, I started to wonder how soon the Fox way of doing things would adversely impact its continued operations. One thing about the Urinal, before the purchase, its OP-ED pages were hideous blatherings of ultra-conservative isms and beliefs, competing with Washington Times in a race to the bottom. But, its news pages, although clearly centered on and about business, trade, and related topics. Conservative? Sure, but they used to play it straight with facts, even unpleasant ones.

Once Fox took over, the OP-ED began to bleed into the news columns, as many predicted. I guess that shift has turned off readers. Downsizing (or as Human Resources calls it, reorganization for future progress and sustainability) is now a reality.

11 replies, 2587 views

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Arrow 11 replies Author Time Post
Reply Wall Street Urinal to downsize substantially (Original post)
ChairmanAgnostic Oct 2016 OP
RKP5637 Oct 2016 #1
ChairmanAgnostic Oct 2016 #2
RKP5637 Oct 2016 #4
Wellstone ruled Oct 2016 #3
ChairmanAgnostic Oct 2016 #5
Wellstone ruled Oct 2016 #6
ChairmanAgnostic Oct 2016 #7
gratuitous Oct 2016 #8
ChairmanAgnostic Oct 2016 #9
Jim Lane Oct 2016 #10
melm00se Oct 2016 #11

Response to ChairmanAgnostic (Original post)

Fri Oct 21, 2016, 01:03 PM

1. I think many people are getting fed up with these hate-rags. Murdoch will sink it completely. n/t

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Response to RKP5637 (Reply #1)

Fri Oct 21, 2016, 01:09 PM

2. On unexpected benefit and side-effect of

Trumpensteinian politics from Der Gropin-Fuehrer is the destruction (or erosion) of ultra-conservative newsies.

Rush Limbaugh has been a spent farce for several years, ever since he attacked that woman for wanting birth control pills. Other talk radio hosts have also seen a major decline in listeners.

Still others, Sean, Billo, Coultergeist, etc., have also been losing viewers and support. People see that their brand of toxic "our way or fuck you" approach has damaged not just the body politic (and led to Trump), but it has damaged the House and Senate and turned them into non-functioning bodies.

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Response to ChairmanAgnostic (Reply #2)

Fri Oct 21, 2016, 01:11 PM

4. K&R!!!!! n/t

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Response to ChairmanAgnostic (Original post)

Fri Oct 21, 2016, 01:10 PM

3. Similiar here with Adelson's

purchase of the Review-Journal and Battle-Born Media. The Rag leaned right ward before,but now we are headed towards the National Inquirer.

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Response to Wellstone ruled (Reply #3)

Fri Oct 21, 2016, 01:17 PM

5. I figured that would happen.

That also explains Trump and his potential move towards TrumpTV.

I can imagine it already - Trump as emcee, surrounded by barely clad, large breasted beauties who he greets much like Crocodile Dundee greeted that transvestite he met in the bar, while drinking with his taxi driver.

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Response to ChairmanAgnostic (Reply #5)

Fri Oct 21, 2016, 01:41 PM

6. The day of a Independent Media has long since gone.

What has replaced it is a Infotainment Industry which pumps out a Corporate Propaganda Message 24/7. And it started with the demise of the Fairness Doctrine,and the Supreme Court ruling in favor of Fox entertainment as to their News division being able to broadcast lies as fact.

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Response to Wellstone ruled (Reply #6)

Fri Oct 21, 2016, 03:08 PM

7. Nation, mommy Jones, Economist

NYT (sometimes, but less often.)
World Press Review

New York book Review (some amazing informative articles there's)
London Book Review (ditto)

Le Monde (English weekly)

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Response to ChairmanAgnostic (Original post)

Fri Oct 21, 2016, 04:06 PM

8. Somebody has to fund Roger Ailes' severance

And it sure as shit isn't going to be Rupert Murdoch. Guess what, staffers? Here's your big chance to enjoy some of that invisible hand of the free market love.

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Response to gratuitous (Reply #8)

Fri Oct 21, 2016, 04:38 PM

9. Good point. Hadn't considered that.

The fact that he gets a reward AND gets to claim that he is dropping Der Gropin-Fuehrer as a client ..... this flat earth will never be the same.

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Response to ChairmanAgnostic (Original post)

Sat Oct 22, 2016, 06:57 AM

10. Which sources of original reporting are UPsizing?

 

I could feel better about bad news for the WSJ if I thought it was a sign of bad news for right-wingers. More likely, however, it's a sign of bad news for journalism.

The Web has plenty of sites that aggregate content and lead people to stories developed by other outlets. At some point in the process, though, there has to be a human being who's sitting in the room at the state legislative committee hearing when something important happens. There are fewer and fewer such people.

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Response to ChairmanAgnostic (Original post)

Sat Oct 22, 2016, 08:25 AM

11. The question

I have asked is: If the creators of news content don't value their product (many/most give it away for free), how do they expect their consumers to value it and be willing to pay for it?

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