Rupert Murdoch Needs The NYT‘s Help — So He Can Destroy The NYT!
In case you haven’t heard, Rupert Murdoch’s News Corporation is in the process of creating a New York City edition of the Wall Street Journal, a project he planned to go “all in” on not a mere two months ago. Now, it looks like “all in” means “turn to your biggest competitors for help.”
News Corps planned to upgrade their New York Post printing press in the South Bronx and combine it with the Wall Street Journal press, which currently operates in South Brunswick, N.J, by the time the New York edition was set to debut in April. But as we all know, nothing ever goes according to plan. Several delays have put News Corp behind schedule, and now they’re looking to outsource some of the printing of The Post.
The Daily News, which has plenty of resources in its plant in Jersey City, told them no. And so, “despite Mr. Murdoch’s stated intent to compete with The Times and weaken it,” News Corp has, in fact, turned to The Times for help.
This could turn out to be a great deal for The Times. “Industry executives said that at typical printing rates, the work would yield The Times no more than $200,000. But people briefed on the discussions said the price was likely to be significantly higher.”
Yeah. Some might call that bribery.
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