Murdoch told those assembled that "I've always believed that competition starts at home. So in the next few weeks, one of our other papers will be giving the Post some competition on their home turf. I'm talking about the Wall Street Journal."

Murdoch added that the new edition will require taking on additional staff members and that it will be in color and "feisty." Included in this zany publication will be coverage on state politics, local politics, business, culture, sports, and real estate.

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