Thursday, July 19, 2007

Money vs. Idealism at the WSJ

I've been following News Corp's possible purchase of the Wall Street Journal since it first came out. What I think is interesting is how the staff at the WSJ is going to react if it happens.

Here's one anonymous money quote from a reporter from a NYT article:

“We understand that for the Bancrofts this is a choice between getting much richer, and holding onto something because they believe in it,” a reporter said. “What they may not realize is that many of us in the newsroom have made the same choice. There are a lot of people here who could be traders or lawyers, people with M.B.A.’s, who could be making a lot more money. To us, this is not an abstract choice.”

As someone who might face similar choices in the future, I'm particularly curious.


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