Magazine article Editor & Publisher

D.J. Expects Charge, Layoffs

Magazine article Editor & Publisher

D.J. Expects Charge, Layoffs

Article excerpt

Dow Jones & Co. expects to cut more production jobs at The Wall Street Journal and take another charge against earnings in the second half of 1999.

The charge, announced in a quarterly filing with the Securities and Exchange Commission, is expected to be modest and related to the ongoing conversion to electronic pagination at the Journal, Dow Jones' flagship.

Valerie Gerard, Dow Jones' director of investor relations, says it's too soon to say when and how many layoffs would occur.

Dow Jones already had announced that it would lay off 70 production workers at the Journal and that it recorded a $2.8 million pre-tax charge ($1.6 million after taxes) in the second quarter of 1999 for severance payments related to the conversion. Dow Jones had anticipated a $5 million charge in the second quarter.

Dow Jones has shed 350 employees, or 4.2% of its work force, in the past year, primarily through voluntary severance at the Journal and Ottaway community newspapers. As of June 30, the company employed 8,400 people.

(Editor & Publisher

(copyright: Editor & Publisher August 21, 1999)

Fact, not opinion: Op-Ed page columnists get more diverse

But the percentage of females and minorities on Op-Ed pages is still lower than in the U.S. population

When it comes to race and gender, Op-Ed columnists are a more diverse group today than 10 years ago.

A comparative look at E&P's 1989 Syndicate Directory and the recently published 1999 edition shows:

The percentage of female Op-Ed columnists distributed by seven major syndicates rose from 14.8% (13 of 88) in 1989 to 23.7% (27.5 of 116) in 1999. The half refers to a female co-writing a column with a male.

Non-Caucasian commentators -- including black, Hispanic, and Asian writers -- rose from 9.1% (8 of 88) in 1989 to 19% (22 of 116) in 1999.

While opinion pages are clearly less of a white-male enclave than before, they're still not as diverse as America -- where the female population is about 51% and the combined black, Hispanic, and Asian population tops 27%.

The seven syndicates measured were those whose 1989 and 1999 directory ads listed all their opinion writers. …

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