The Wall Street Journal Is Doing Great After the Media Apocalypse

The so-called media apocalypse that started off 2024 was, economically speaking, not an event that lived up to its biblical proportions. Yes, thousands of journalists across the country lost their jobs at outlets like the Washington Post, the Los Angeles Times, and across Condé Nast, in large part due to the decline in ad money funding newsrooms’ budgets. There were spectacular implosions at The Messenger and Sports Illustrated, too — both best read as cautionary tales of owners and executives making bad decisions. But the news industry has mostly moved...