All the latest news and views

August 9, 2007

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News Corp.’s Rupert Murdoch sketched out his plan for the future of Dow Jones & Co Inc on Wednesday, including discussions about making the Wall Street Journal’s Web site free.

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We get it. We get it. It’s summer. Viewers in general, and ABC viewers in particular, don’t care much for reruns. ABC wants to keep the lights on, but it doesn’t want to run up a big electric bill. The other guys are serving up inexpensive, often tasteless, reality series and “let’s-see-if-it-sticks” game shows. Why not do something on the cheap with the news division? Give them some exposure .

Rupert Murdoch’s News Corp. reported higher earnings in its latest quarter Wednesday, one week after the media conglomerate wrapped up a three-month campaign to buy Wall Street Journal publisher Dow Jones & Co.

Rupert Murdoch’s media company profits helped by Fox News and more subscribers at Italian satellite division.

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