Murdoch puts priority on Journal changes

NEW YORK, Nov. 8 (UPI) -- Rupert Murdoch said changes in the Wall Street Journal will be his first priority when he gains control of Dow Jones and the Journal.

Speaking after the release of first-quarter earnings in New York, the chairman and chief executive of News Corp. said he expected the deal to be completed by Dec. 14.


He said he planned to tackle the Journal's U.S. edition and Web site first. Though not specific, he said he wanted to make changes to "get it as we like it.”

He told the Financial Times he wanted to compete with The New York Times to increase the Journal's readership in the United States. International editions of The Wall Street Journal, which he called "less than satisfactory," would get attention "in a few months' time," Murdoch said.

Dow Jones shareholders are scheduled to vote on the $5.2 billion offer from News Corp on Dec.13, reportedly the last hurdle before the deal can officially close.

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