UPDATE: WSJ, NYT and D.C.

From the Observer:

    Rupert Murdoch has publicly suggested that, once he officially takes over The Journal’s corporate parent, Dow Jones, later this year, he intends to pour resources into the paper’s DC operation.

    So what does that mean for the Gray Lady? …

    Indeed, while The Journal remains strong on beats where government and business overlap–lobbying, for instance, or the Federal Reserve–the paper doesn’t, say, have reporters assigned to every major presidential candidate, as The Times and Post do. Rather than cover every small political news development, The Journal has instead focused on less frequent but more deeply reported investigative pieces. Indeed, its coverage of electoral politics isn’t even as comprehensive as it has been in years past, when Al Hunt oversaw the bureau. …

    One way in which The Journal might benefit from Mr. Murdoch’s deep pockets is in personnel. Indeed, it already has begun to try to lure Times staffers away. Recently, The Journal approached Helene Cooper, who covers the State Department for The Times, to gauge her interest in returning to the paper where she used to work. Ms. Cooper is staying put.

Read the rest here.