Newsweek profiles the changes at the Wall Street Journal -- among others, de-emphasizing financial news in favor of general news -- with a story that comes across as pretty favorable to Rupert Murdock. According to writer Johnnie L. Roberts, the general staff sees Murdock extending, rather than cutting back as is happening at most American newspapers. Still, there's concern with many distrusting the Murdock regime. He's installed an Australian as top editor and a Brit as deputy, both claiming to be "change agents."
Both circulation and advertising are up. The paper is bigger. But, as it looks more and more like other American newspapers (especially the New York Times), many on staff fear the Journal will lose its distinctiveness as it moves more toward becoming the Journal, not the Wall Street Journal.
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