Times, FT face bruising battle

With the conquest of Wall Street Journal-owner Dow Jones Rupert Murdoch can take a full-frontal approach, possibly setting up a real smackdown for the title of "paper of record," the somewhat nebulous journalistic crown worn by The New York Times for decades. If Murdoch does take the Journal in a more consumer-oriented direction, it will likely result in a national newspaper for the wealthy right that would counterbalance The New York Times on the left and Gannett Co's USA Today in the center.