“Its disbanding would mark only the latest move by new editor Robert Thomson to remake the Journal in the image of the Financial Times, Thomson's former employer and a favorite of ultimate Journal overlord Rupert Murdoch. In fact, the paper's old guard is said by our insider to be grumbling that recent FT-like stories, like the front page article on alleged flaws in the Libor benchmark lending rate, are shoving aside 'stories that appeal beyond the circle of Murdoch's friends in the global elite,'” the Gawker article stated.

The e-mail stated that the announcement would come “today or soon.”