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Revolving Door Newsletter: 05.04.07

Rupe's Takeover Bid Sends WSJ Staff Scrambling

May 4, 2007
The staff of The Wall Street Journal was blasted out of its complacency by Rupert Murdoch's $5 billion bid. Just how rattled are they? Shaken enough that gallows humor has already given way to a letter-writing campaign by a handful of staffers (prompting managing editor Paul Steiger to emphasize that anyone writing letters would not be involved in coverage -- duh). It also inspired thumb-sucking, tea-leaf-reading stories by both the Journal and The New York Times asking just how bad life with Rupe can be. (Does he still write headlines? Does he still send in tips?) It ...

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