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November 13, 2007 6:22 PM PST

Wall Street Journal digs Digg. Should we read into this?

Update 4:20 a.m. Wednesday: Information from a Digg representative has been added.

Kevin Rose, founder of social news aggregator Digg, posted a quick blog entry on Tuesday night about his site's new relationship with Rupert Murdoch's latest accessory, The Wall Street Journal.

"The Wall Street Journal online is adding Digg buttons across the entire site, and you'll now have full (free) access to the articles submitted to Digg," Rose wrote. "The Digg buttons have started appearing on WSJ.com articles tonight."

The "full free access" part is key. While speaking to investors in Australia, News Corp. mogul Murdoch said this week that he planned to release the Journal's Web site from its paid-subscription mode. When the New York Times eliminated premium content earlier this fall, the Journal became one of the lone holdouts.

It looks like the Digg deal is some sort of exclusive arrangement. This is not an exclusive deal, according to a Digg representative--though it sure sounds like one: "You'll notice that it is the only button on their site," a quick heads-up e-mail from a Digg PR rep read in regards to Rose's blog post. In other words, the likes of Digg rival Reddit and bookmarking site Delicious aren't represented.

But more than anything, it's also fuel for the fire. Digg has been continually talked up as a potential acquisition target. And in recent weeks a rumor began to float that the site would soon be sold for $300 million to 400 million to a "major media player." Expect this Wall Street Journal arrangement to result in more than a few rumors that Digg is close to a News Corp. buy.

Whether that's actually true, well, we don't know yet.

[image] Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos. E-mail Caroline.
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Josh: Just posted: Why Wrapsol's new gadget skin is a happy accident http://bit.ly/a4J8uI
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caro: My middle-aged upstairs neighbor has been singing, loudly, for the past half hour. On tap now: Stone Temple Pilots' "Plush."
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caro: I'll be on MSNBC tomorrow a few times between 8:30 and 11 AM Eastern tomorrow to talk about 3D TV. Which means a quiet Friday night here...
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About The Social

CNET News' Caroline McCarthy is a downtown Manhattanite who believes that, despite popular opinion, the Web can actually help your social life. She's happily addicted to fun social-media tools from Twitter to Yelp to Facebook, sends an inordinate number of text messages, and has a tendency to waste time at the office reading restaurant blogs. Here, she explores all facets of the Web's gregarious side, as well as the unique tech culture in her home city of New York. (Don't call it Silicon Alley.)

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