By: E&P Staff
The Wall Street Journal will stop carrying a daily column from BreakingViews.com, Reuters reported today.
Hugo Dixon, founder of the financial-news Web site, told Reuters that the WSJ wants to stop buying “third-party content.” He added that the Rupert Murdoch-owned paper is trying to buy out the remainder of BreakingViews.com contract, which runs through next year.
The column has run in WSJ’s European edition for eight years and in WSJ’s U.S. edition since the beginning of last year.
That early 2007 move led the paper’s union to criticize WSJ for outsourcing some of its coverage.
Reuters also reported that WSJ wants to sell its 7% stake in BreakingViews.com and beef up the newspaper’s “Heard on the Street” feature to perhaps compete more with the site.
BreakingViews.com has 27 writers in the U.S. and Europe, 15,000 subscribers to its site, and syndication deals with other newspapers such as Le Monde in France, according to Reuters.