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Reuters blogs: WSJ axes 50 jobs, creates new posts at New York ‘hub’

July 17th, 2008 | No Comments | Posted by Laura Oliver in Editors' pick, Job losses, Newspapers, USA, WSJ

A reorganisation of the Wall Street Journal’s editorial and production operations will lead to around 50 jobs being lost, editor Robert Thomson has said in a memo.

The paper’s editing and production for print, online and mobile will be centralised around its New York ‘hub’, with editorial operations at its South Brunswick offices to cease.

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After 250 job cuts, LA Times leading reporters head to ProPublica

Last week LA Times, one of the biggest employers of journalists in the US, announced that it would be dispensing with the services of 150 of them as part of a total 250 job losses at the paper.

Yesterday afternoon it emerged that two more journalists would likely be leaving the LA Times, but not as a direct result of the editorial cuts.

According to LA Observed, Pulitzer Prize winning investigative reporters Charles Ornstein and Tracy Weber will be leaving the paper later in the summer to join the not-for-profit investigative start up ProPublica.

“It’s another big morale blow in the newsroom, which used to be a place where journalists aspired to reach and stay to do their best work. With new deep cutbacks coming and [LA Times owner] Sam Zell’s outbursts making many of the best journalists feel the Times’ commitment to serious news is precarious, it’s no longer surprising to see stars like Ornstein and Weber flee,” wrote Kevin Roderick.

Last week’s editorial staff cuts, which amounts to roughly 17 per cent of the employees, will be spread between the print newsroom and The Times’ web operations.

Those cuts led to this fascinating quote from Times editor Russ Stanton:

“You all know the paradox we find ourselves in,” he wrote said in a memo to the staff. “Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money.”

One hundred and fifty losses job losses against two hires doesn’t really make a great case for the internet as a growth medium for the employment of journalists, but nonetheless the growth of ProPublica and its journalistic modus operandi online marks a neat stab at Stanton’s paradox.

The ProPublica site will be fully operational later this year and plans to have almost 30 investigative reporters working on in-depth stories (it helps that self-made billionaire Herb Sandler has set up the site with a donation of $10m a year from his foundation and that it’s under the watchful eye of former WSJ editor Paul Steiger).

ProPublica will conduct investigations, largely online, in areas of significant public interest. It will also use TV documentaries to reveal on that large canvas issues that will be followed up extensively online.

It’s first major project, an investigation into US-backed Arabic language TV network Alhurra, ran on 60 Minutes two weeks ago.

Zell say that newspapers have to slim down and become more economically viable. Newspaper’s are about money, not news, that’s fairly self-evident. Little wonder then that Charles Ornstein and Tracy Weber decided to walk and pursue their investigations elsewhere.

What awaits them at ProPublica?

A philanthropic backer claiming no editorial interference. No desire for profits. No ads on the site. Where almost all resources will be poured into journalism (what no free CD give away?).

The journalistic equivalent to Willy Wonka’s ‘golden ticket’, it seems.

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FT.com: Washington Post hires ex-Wall Street Journal managing editor Marcus Brauchli

July 8th, 2008 | No Comments | Posted by Laura Oliver in Editors' pick, Job appointments, WSJ

Brauchli, who left the WSJ in April, will become the Washington Post’s new executive editor in September.

He will replace Leonard Downie.

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PaidContent: Wall Street Journal creates news hub

June 23rd, 2008 | No Comments | Posted by Laura Oliver in Editors' pick, Newspapers, USA, WSJ, integration

The paper will now operate with a central news desk to allow for ‘enhanced co-operation between print, web and Newswires journalists’, a memo from editor Robert Thomson has said.

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Reuters: Robert Thomson named managing editor of Wall Street Journal

May 21st, 2008 | No Comments | Posted by Laura Oliver in Editors' pick, Job appointments, WSJ

Former Times editor Robert Thomson has been appointed editor-in-chief of Dow Jones and managing editor of the Wall Street Journal, succeeding Marcus Brauchli.

An op-ed to be published in today’s Journal, will see Thomson admit he made mistakes in his involvement with Brauchli’s departure.

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Wall Street Journal appoints chief technology officer

May 13th, 2008 | No Comments | Posted by Laura Oliver in Job appointments, Newspapers, USA, WSJ

The Wall Street Journal (WSJ) has named Sarabjit ‘Ruby’ Walia as chief technology officer for its digital network.

Walia will manage the technology across WSJ.com and Dow Jones’ sister websites Barrons and MarketWatch.

He joins the Journal from business and financial communications consultancy Financial Dynamics.

“Ruby’s success leading digital technology businesses within large media companies in this space will ensure our ability to innovate and continue to bring users the most effective digital experiences possible to our millions of loyal users,” said Gordon McLeod, president of the WSJ digital network, in a press release.

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WSJ’s managing editor Marcus Brauchli steps down

April 23rd, 2008 | No Comments | Posted by Laura Oliver in Newspapers, Recruitment, USA, WSJ

Marcus Brauchli, managing editor of the Wall Street Journal, is quitting, a press release from the company has confirmed.

Brauchli, who took on the position last May, will become a consultant to News Corporation.

“Following the change in ownership of Dow Jones and the Journal, I have concluded the time is right to consider new career possibilities,” Brauchli said in the release.
“I revere the Journal and hold my colleagues here, both old and new, in the highest regard. There isn’t a better team in journalism, and I will greatly miss working with them on a daily basis.”

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Paid Content: WSJ.com to undergo major redesign

April 16th, 2008 | No Comments | Posted by cathy_relf in Design, Editors' pick, WSJ

WSJ.com will undergo a vast site redesign and relaunch in the coming months, so says Paid Content.

The overhaul will spread across the site section by section (a la Guardian.co.uk revamp), says the report, with some elements already being rolled out now on the site - check the changes to media & marketing.

New sections will also appear. PC points to the extended coverage of sport on the site.

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