Robert Rupert Murdock certainly isn’t making the Wall Street Journal into a better newspaper. He may know how to make more money with it, but it’s clear now that it won’t be by making the paper more interesting.
I refer to the lead headline on Monday’s paper: “Gasoline Hits Average of $4 a Gallon : Price Shock, Among the Worst in a Generation, Could Push Economy Into Recession.”
The WSJ used to be a refreshing change from such inanities as we’d get from tabloid journalism. The front page was never immune from the bad effects of journalism schools, but who would have thought it would make such a steep dive to the lowest common denominator?
At least in the old newspaper, the writers would have known that the price of gasoline was having effects even when it was at $3.90 per gallon.