Okay. The Wall Street Journal speculative fun keeps on coming. Nick Denton dishes his rumour in the comments after Dealbreaker outs it:

Nick Denton at 03:05 PM on 05/16/08 Reply by Email * @Phyllis Nefler: Rebekah Wade. But, yes. That was the rumor I was hearing. Interestingly, she was mentioned earlier in the year as a possible replacement for Col Allan at the Post. (Fiercely denied by Posties.) Wants out of The Sun. Tried for Times of London job. Well regarded within News Corp. But still more likely to be good for Post than Journal.