Media News - Thursday, June 14, 2007

Wall Street Journal shakes up its newsroom while Murdoch circles

The Wall Street Journal, facing a USD 5bn (EUR 3.7bn)takeover attempt from Rupert Murdoch, announced a major newsroom reshuffle Wednesday night to integrate its print and online operations. Citing 'profound changes sweeping the news business' but making no mention of News Corp's contentious bid for its owner Dow Jones, the Journal said the changes were designed to simplify its international news structure. One of the key changes is the promotion of Wall Street Journal Online's managing editor, Bill Grueskin, to deputy managing editor for news. The second most popular newspaper in the US wants to uphold its reputation for in-depth reporting while also catering for audiences that increasingly take instant news reports for granted. Mr Grueskin's mission will be to balance timely news stories with 'the long-form, deeply reported and analytic journalism that defines the Journal', the paper said in a statement. The shake-up comes as the newspaper's controlling Bancroft family seeks reassurances from Mr Murdoch that editorial independence would be protected in the event of a buyout. Meanwhile, Dow Jones employees are seeking alternative bidders, fearing that Mr Murdoch would interfere in the running of the Journal. (Media Guardian)

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