Magazine article Editor & Publisher

Brauchli Sends Memo to Staff on His 'WSJ' Exit

Magazine article Editor & Publisher

Brauchli Sends Memo to Staff on His 'WSJ' Exit

Article excerpt

Marcus Brauchli sent the following memo to Wall Street Journal staffers after this afternoon's official announcement of his resignation as the paper's top editor (see other stories).*A year ago, I was appointed managing editor, and we set off together on a great journey. We faced uncertainty about our ownership, inclement conditions in our industry and consensus that change was necessary. And so we chose a path of transformation.

We rethought the central tenets of our approach, with the aim of making a great news organization even better.

During this time of transition, we have not strayed from our mission,producing engaging journalism that illuminates and informs our world.

Our reporters, whether in Lhasa or Los Angeles, Washington or Wall Street, are courageous, resourceful and infinitely talented. Our editing, graphics and production staff, too, are brilliant, creative and deeply dedicated.

I am proud to have been part of this exceptionally talented team.

But now that the ownership transition has taken place, I have come tobelieve the new owners should have a managing editor of their choosing.

So, today, I am resigning.

I revere this institution and respect all of my colleagues, both old andnew. When News Corp bought Dow Jones, together we crafted an editorial agreement designed to protect our independence. The agreement was designed to block commercial or political interference in our journalism and to ensure we adhered to our code of conduct. …

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