Kara Swisher

Recent Posts by Kara Swisher

More Digital Rupe…

Of course, chatter on the News Corp. takeover of Dow Jones was all over the Web today.

And it had that predictable pattern–either a lot of agonized agony about the end of journalism as we know it or an untoward celebration about what a crafty deal-maker News Corp. kahuna Rupert Murdoch is.

We’ll see about all of it in this case.

But to be fair, the decline of the traditional newspaper business is a hand basket well along on its journey to hell, in large part because of digital distribution trends that have negatively impacted advertising and content.

And it is a fast-changing landscape when it comes to the news business these days, where even the craftiest can get flummoxed quickly.

After all, who would imagine a rinky-dink, though amusing, Web site like Wallstrip would sell to a media giant like CBS for $5 million? Or that Facebook would have rumored offers that are a billion dollars more than what The Wall Street Journal fetched?

As I said, we’ll see. Until then, of course, there has to be an instant Web video made on the acquisition!

Here is one from Headzup (billed as “Catch & Release Comedy for Cell Phones”):

And to be fair and balanced, here is a link to the Huffington Post to a clip–I tried to “borrow” it since it is now all in the family, but to no avail–from Fox News’ “RedEye” with Greg Gutfeld and his mother–and she has a pretty decent analysis–discussing the Dow Jones deal.

FYI: We’re trying really hard to ignore Gutfeld’s We-love-Rupert-Murdoch-don’t-we ender (um, we try our best not to love any of our corporate owners at Dow Jones, but we’re old school on these issues), which would be riveting in its Olympic, let’s just say it, butt-kissing, if it were not quite so appalling.

And visit the comments we’re getting on our first Rupe Street Journal post here, with riveting references to a Sea of Scum and Aussie overlords!

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald