Rupert Murdoch

This is a historic day at the Cape Cod Times. We are now owned by NewsCorp and Rupert Murdoch, the media tycoon. He purchased Dow Jones, Inc. and its' crown jewel, The Wall Street Journal. Part of the Dow Jones empire was Ottaway Newspapers, of which The Cape Cod Times is a part. We know Murdoch doesn't have much interest in community newspapers, so we expect to be sold again in the near future. Hopefully, we will be purchased by a newspaper company that is interested in good journalism and community involvement. However, we are a profitable business, so we might be purchased by a group of investors who only care about the bottom line. If so, there will probably be jobs lost, especially in the newsroom.

As for my future, I need to work four more years to be eligible for full social security, and that has been my plan all along. I was hoping to finish my four years at the Times, and I think my job is secure, but you never know. I'll keep my eyes and ears open. Financial planning is very challanging.