Journal's Managing Editor to Leave Post
April 22, 2008; Page B1, WSJ
"Marcus Brauchli is expected to resign as managing editor of The Wall Street Journal after 11 months in the job, and an announcement could come as early as Tuesday, according to people familiar with the situation.
The impending departure would come just four months after the Journal's parent, Dow Jones & Co., was acquired by News Corp. for $5.16 billion.
The Journal's publisher, Robert Thomson, may take over as interim managing editor of the paper, say these people. Despite the publisher title, Mr. Thomson already was involved in overseeing editorial matters for Dow Jones properties such as the Journal, newswires and Barron's magazine. A search for a new managing editor was expected to begin shortly, with candidates coming from both inside and outside the paper.
Mr. Brauchli is expected to remain with News Corp. It wasn't clear whether his role would be as a consultant or an executive. A person familiar with the negotiations called the decision "amicable."
"Mr. Murdoch has made it clear both internally and in public that although he generally held the paper in high regard, he would move fast in making changes. He moved swiftly after the acquisition was complete to overhaul the business side of the company. Most key Dow Jones executives relinquished their posts, including the chief executive, chief financial officer, Journal publisher, general counsel and others.
Mr. Murdoch had also been pushing for various editorial changes -- more general news in addition to business news, the coming launch of a glossy luxury magazine, more variety and urgency on section fronts."
** Maybe there will be a new section: "What's new on ET"
April 22, 2008; Page B1, WSJ
"Marcus Brauchli is expected to resign as managing editor of The Wall Street Journal after 11 months in the job, and an announcement could come as early as Tuesday, according to people familiar with the situation.
The impending departure would come just four months after the Journal's parent, Dow Jones & Co., was acquired by News Corp. for $5.16 billion.
The Journal's publisher, Robert Thomson, may take over as interim managing editor of the paper, say these people. Despite the publisher title, Mr. Thomson already was involved in overseeing editorial matters for Dow Jones properties such as the Journal, newswires and Barron's magazine. A search for a new managing editor was expected to begin shortly, with candidates coming from both inside and outside the paper.
Mr. Brauchli is expected to remain with News Corp. It wasn't clear whether his role would be as a consultant or an executive. A person familiar with the negotiations called the decision "amicable."
"Mr. Murdoch has made it clear both internally and in public that although he generally held the paper in high regard, he would move fast in making changes. He moved swiftly after the acquisition was complete to overhaul the business side of the company. Most key Dow Jones executives relinquished their posts, including the chief executive, chief financial officer, Journal publisher, general counsel and others.
Mr. Murdoch had also been pushing for various editorial changes -- more general news in addition to business news, the coming launch of a glossy luxury magazine, more variety and urgency on section fronts."
** Maybe there will be a new section: "What's new on ET"
