Si Newhouse sides with leftists, unions

The natives are restless at The Wall Street Journal. Reporters at the bible of capitalism will be hitting the picket line in a couple hours to flex their collective muscle. They've been working without a contract since January, and say the new one being offered by management will depress their earnings.

This time, it won't be so easy to hide the evidence of discontent from the new boss (who's doing quite well for himself, thank you very much).


New York's financial district will see an unusual sight today - normally staid Wall Street Journal reporters picketing and chanting slogans in front of their offices at 200 Liberty Street from 11:00 a.m. to 1:00 p.m.

As Rupert Murdoch prepares to take control of Dow Jones, the Journal's parent, the reporters have been forced into the street by their long-running contract dispute with Dow Jones management. The increasingly angry dispute is a nasty problem that is hanging over the transfer of ownership to Mr. Murdoch. Reporters have been working without a contract since the end of January. They are increasingly angry because, at a time when Dow Jones is offering multi-million dollar pay packages and "golden parachutes" to executives, not to mention the $32 million pay package recently announced for Rupert Murdoch himself, Dow Jones is trying to more than double health premiums and hold down salaries in a way that will cut the real, inflation-adjusted take-home pay of many Dow Jones employees.


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