Media Week: The Wall Street Journal, the business newspaper owned by News Corp., has launched a new broadsheet edition for Europe and Asia. It will replace the current compact newspapers sold outside of the U.S. with full-color, broadsheet editions. The Europe and Asia titles are effectively being merged. The change comes ten years after WSJ Europe switched from broadsheet to compact in 2005. The Journal’s parent company, Dow Jones & Co., was bought by Rupert Murdoch’s News Corp. in 2007.