Two stories of note from this morning's Wall Street Journal, (now a unit of Rupert Murdoch's News Corp. as part of the acquisition several months ago of the Dow Jones financial 'empire').
The managing editor of the Wall Street Journal is expected to resign today. TheStreet.com is reporting that Marcus Brauchli will resign his post with less than one year on the job.
In the meantime, the Wall Street Journal and Newsday are reporting that Newsday, the largest circulation newspaper on New York's Long Island (a New York City suburb with a population exceeding several states) is being close to a deal to be acquired by News Corp. for $580 million US.
Newsday has been a mainstay of the Long Island landscape for generations. The paper is currently owned by the Tribune Company.
News Corp has been on and off rumored to be getting involved with the Microsoft - Yahoo takeover attempt, by partnering with one of the players.