WSJ launches New York City metro section today - but why?

Posted by Leah McBride Mensching on April 26, 2010 at 1:47 PM
R Murdoch.pngAs the Wall Street Journal plans to launch its new 10-page metro edition today, with the admitted purpose of competing directly with The New York Times, analysts everywhere are asking why.  

The Journal's metro launch will cost it US$30 million over the next two years, and the paper is not particularly prized by locals for its New York city coverage.  But this move comes as an obvious extension of what has been an ongoing battle against The Times since Rupert Murdoch's News Corp. bought Dow Jones, the WSJ's parent company, in 2007.

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Photo: Huffington Post

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