War at the Wall Street Journal by Sarah Ellison

Author:Sarah Ellison [Ellison, Sarah]
Language: eng
Format: epub
Publisher: Houghton Mifflin Harcourt

Over the course of the next several weeks, the number of people who became interested in the "editorial independence" of the Journal grew. Some were genuinely concerned with the independence of the Journal, but many others wanted a structure that would suit their own purpose. Zannino wanted the structure to work because he saw it as a means to getting a deal done; Brauchli wanted the structure to work because he wanted to protect his job and the paper he had inherited; Leslie Hill wanted the structure to work so she could stomach selling the company to Murdoch, even for a moment. Murdoch knew from experience that these structures were easy to establish and even easier to circumvent. As the inexorable progress of the deal machine moved forward, the editorial agreement became a useful distraction for the Bancrofts and the Journal newsroom. Crafting the agreement presented an illusion of control to those with little of it. They scarcely imagined how the Journal would evolve in the coming months, but for now, the Bancrofts appeared willing to believe anything Murdoch put on paper.

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