UPDATE: WSJ, NYT and D.C.

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.