Dow Jones firings predicted under Murdoch

[Judi Lynn]

Source: UPI

Published: July 17, 2007 at 1:39 PM

Dow Jones firings predicted under Murdoch

CHICAGO, July 17 (UPI) -- News Corp. would likely cut jobs if it buys Dow Jones & Co., intensifying a culture clash between the two media companies, a U.S. consulting firm said Tuesday.

"Culture clashes can be exacerbated by the actions of the acquiring company, particularly when those actions include job cuts," Challenger, Gray & Christmas Inc. said.

The Chicago outplacement consulting firm observed that culture clashes were widespread in the 2001 AOL-Time Warner merger and the 2002 Compaq-Hewlett Packard merger.

Neither of the mergers "lived up to expectations," Challenger said.


Read more: http://www.upi.com/NewsTrack/Business/2007/07/17/dow_jones_firings_predicted_under_murdoch/7642/

[hatrack]

1. Gosh, who could POSSIBLY have predicted that??!?!?

:puke:

[meegbear]

2. Well I'm sure whoever gets let go ...

it won't be because of their political leanings. He'd never let anything as shallow as that be a precursor for termination.

[hatrack]

3. Not Rupert Murdoch! Not The Rupester!

He's as even-handed and unbiased as any unbalanced oligopolist billionaire could BE.

[C_U_L8R]

4. Out go the journalists

In come the cronies.

Who on the planet would trust the contents
of their wallet to Rupert Fucking Murdoch ???

[Bob3]

5. say good by to the Wall Street Journal

cesspool editorial page aside there was real reporting being done by that paper. Not anymore. Facts have that damn liberal bias.

[ShockediSay]

6. I'M BOYCOTTING EVERYTHING DOW JONES if that sob

gets it, yet one more forum for his most conswervative agenda.

This is the prick that marched US and GB into Iraq like Hearst marched us into the Spanish-American war, IMHO.

Bloomberg's is a great financial news service, as is Reuters, and the NYTimes is in a position to catch those of us customers fleeing to deflate this megalopolist. Maybe even WAPO could add some financial coverage. Not to mention Yahoo with some of the most detailed financial coverage I've seen.