A Great Newspaper Destroyed

Paul Krugman, who writes for the New York Times, on the Wall Street Journal:

Frankly, there was a time when I thought the Journal was better on business/economic news than the Times. But no longer; and it’s not just things like referring to the estate tax as the “death tax” in news stories. Overall, coverage is getting cruder, with more tendency to report opinions as if they were news, and substitute prejudices for real analysis.

... There’s a pretty good chance that we will end up with only one great national newspaper.

Call it the Rupert Murdoch Effect.