From NEWSMAX –
The Wall Street Journal is cutting new subscription prices by as much as 80 percent in some cases as it prepares to confront its rival, the New York Times, with a New York City edition.
The move comes amid a plunge in U.S. newspaper circulation and three years after Rupert Murdoch’s News Corp paid more than $5 billion for the Journal and jazzed it with more general interest news, sports and culture.
The newspaper, the first read for many in the business world, has mailed some Times subscribers an offer for home delivery for $10 per month, undercutting the $40 price that existing Times subscribers pay in the New York City area…
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