So the big rumor going around today about Rupert Murdoch's plans for the Wall Street Journal concerns a recent meeting with the paper's top brass, where Murdoch brought up the name of shiraz-swilling New York Post editor in chief Col Allan. Whether he was suggesting that Allan bring his particular blend of news judgment to the paper or merely using him as an example of proper practices (we're guessing the latter), it may be the best indication yet of the direction in which Murdoch plans to take the paper. Or maybe not, it's just a rumor! But try and tell us that you have a hard time actually believing it.

UPDATE: Actually SO MUCH BETTER: Murdoch BROUGHT Col Allan to the meeting! Can you imagine?