(image via paidcontent)
You have to hand it to Rupert Murdoch. As newspapers like The New York Times (and magazines as well) struggle through this recession, he has managed to eke out the ever-elusive growth from Asia. Robert Thomson, the editor-in-chief of the Dow Jones & Company and the managing editor of The Wall Street Journal, spoke at the second annual Future of Business Media Conference. From Paidcontent:
"'The problem with the Journal was that as a company, it was under invested in. If you asked which financial company would be best positioned to take advantage of globalization, you’d have to say Dow Jones. Clearly we wanted to create a framework where we could expand globally and digitally.' In China, he said they are growing 400 percent a year, and they are hiring 60 news wire journalists in India. 'I think there’s a reason why we are being successful at this time.'"
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