Murdoch Needs the N.Y. Times to "Go After" the N.Y. Times

The WSJ needs help with printing its New York edition

By Dana Kitchens
|  Tuesday, Feb 2, 2010  |  Updated 4:37 PM EDT
View Comments (
)
|
Email
|
Print
Murdoch Needs the N.Y. Times to "Go After" the N.Y. Times

Getty Images

Rupert Murdoch.

advertisement

Rupert Murdoch's plan to destroy the New York Times might need some help from the New York Times.

Two years after News Corp. Chairman Rupert Murdoch bought The Wall Street Journal for $5.6 billion, the paper says it has cut down on analytical reporting to make room for shorter, more general news stories in an effort to "broaden readership and to compete more directly with the New York Times."  But to do it, the conservative publisher will need to convince the New York Times to allow Murdoch to use its printing press.

"Rupert thinks the Times is vulnerable. He's going to go after them, " a longtime senior executive revealed to the Los Angeles Times.

Now the global media magnate has allotted $15 million to develop a New York edition of The Journal, which will cover daily local news, crime, sports and culture. To make room for the new addition, News Corp. is upgrading its South Bronx printing press.

But the upgrade has been delayed, according to The Times. To make the scheduled launch in April, News Corp. is being forced to find a press willing to print up to eight million copies of Murdoch's other Gotham holding, The New York Post, over the next two months. After The Daily News declined to bail out its rival, News Corp. approached The Times.

“We are in discussions with News Corp. to allow them to make use of our presses,” said Scott Heekin-Canedy, president and general manager of The Times. “This is an advantageous business transaction and nothing more."

News Corp. declined to comment.

At a typical printing rate, The Times would earn about $200,000 from this transaction, but they're likely to ask for a bonus beyond Murdoch's ironic self-abasement. While the extra money is attractive in the declining newspaper industry, if The Times continues to evacuate its newsroom, Murdoch might have the last laugh.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Follow us on Instagram!
We post photos taken by our news... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out