Dow Jonesin': Rupert Murdoch reports big loss on 'Wall Street Journal'-related writedown
The Times, as we know, is in even worse shape and has even reached out to Mexican billionaire Carlos Slim.
Nevertheless, the snooty paper of record neglected to mention its own troubles — while it saw fit to mention the woes of other media corpses:
The bad news for the Wall Street Journal — the best piece of Murdoch property other than The Simpsons — is that it's apparently dragging down the whole thing.
Meanwhile, if you want to learn more about the Times's own troubles, read this story from Murdoch's Post:
I told you last month that newspapers needed a bailout. But George W. Bush, whose presence on the scene provided mucho grist for the mill, has fled to Texas, and all he left us was this lousy meltdown.