Magazine article Editor & Publisher

Crovitz, 'WSJ' Publisher, Says 'Premature' to Discuss Future

Magazine article Editor & Publisher

Crovitz, 'WSJ' Publisher, Says 'Premature' to Discuss Future

Article excerpt

The only definite thing to come out of News Corp. acquisition of Dow Jones is that News Corp. has agreed to purchase the company and its crown jewel The Wall Street Journal. Not much else is known, according to Journal Publisher L. Gordon Crovitz, who spoke with E&P by phone late this afternoon, about the plans for the paper going forward.

Everything is at the tentative stage -- including the fate of Crovitz's own position -- and it's too soon to say whether Murdoch plans to put his money where his mouth is by investing in the paper.

When asked about his own future there, Crovitz responded: "It's premature to know the answer to that. There are some very exciting opportunities for the Journal and Dow Jones and I would like to participate in those opportunities."

There are reports that News Corp. plans to broaden the Journal's coverage, partly taking on The New York Times in general coverage and quite possibly increasing the size of the paper by four additional pages -- a reputed promise by Murdoch. …

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