Genoa2000
I am still not clear why (A) is preferred over (C)
And I would also like to know if "their" can refer to the WSJ as an aggregation of people who have in common the fact of working at WSJ
Hi
Let me try to address your query.
The sentence attempts to bring in a contrasting perspective about the WSJ. The implied meaning is that
while the publication suffers from financial troubles, its readership is at its highest despite said financial troubles. This contrast is better brought out in option (A), with the beginning "For all its financial troubles...". Option (C), by beginning with "With all its financial troubles...", ignores this contrast in the meaning. It can even be interpreted as stating that the readership is increasing
because of said troubles. Therefore, option (A) is a better choice.
The sentence is talking about the financial troubles of the WSJ as a singular publication/corporate entity. Hence a singular pronoun is the correct usage and not "their". It is not the people working at WSJ who have financial troubles but WSJ itself.
Hope this clarifies.