News Corporation outlined plans to launch its own social network as well as an instant messaging service for financial clients.

The Wall Street Journal is expected to launch a social network in the coming months that will compete with LinkedIn as a platform for “like-minded people” to meet online and share ideas.

News Corp also intends to offer new Dow Jones services, including a personal messaging system that will challenge some of Bloomberg’s products.

Source:  Editorandpublisher.com