Magazine article Editor & Publisher

'WSJ' Publisher Crovitz Following Zannino out Door

Magazine article Editor & Publisher

'WSJ' Publisher Crovitz Following Zannino out Door

Article excerpt

Wall Street Journal Publisher L. Gordon Crovitz will resign when Rupert Murdoch's News Corp. closes its deal to acquire Dow Jones & Co., the newspaper announced Friday.

Crovitz, who is also executive vice president of Dow Jones and president of its Consumer Media Group, will write a column for the Journal after the deal closes.

In a memo to Journal staffers Friday, Crovitz said, "The Wall Street Journal franchise has never been more vibrant. The print Journal was redesigned early this year as the first newspaper rethought for how people get their news in this Digital Age. The results include an industry-leading seven straight quarters of increases in circulation revenue."

Dow Jones also announced that Joseph A. Stern, executive vice president, general counsel, corporate secretary, and member of the Dow Jones board of directors, will be leaving those positions when the acquisition closes. Dow Jones said Stern will remain with the company through March 31, 2008 to assist in the transition.

The Crovitz and Stern resignations follow Thursday's announcement that Dow Jones CEO Richard F. Zannino is also leaving the company after the close of the News Corp. acquisition.

In a statement Friday, Zannino said, "Gordon Crovitz has made many important contributions during a distinguished 25-year career at Dow Jones, most recently as head of the Consumer Media Group and publisher of The Wall Street Journal. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.