In this morning’s print edition of the WSJ [1], was the story that Marcus Brauchli has stepped down as Managing Editor. Said Brauchli:
“Now that the ownership transition has taken place, I have come to believe the new owners should have a managing editor of their choosing.”
Murdoch is supposedly impatient with the time it’s taking to make the changes he wants to see. He should have known this wasn’t going to be easy. I still hold out hope that the editorial direction will not change dramatically since the Journal is one of the few steady beacons of market discipline in the news media. The big signal will be whomever is chosen to replace Brauchli.