Tag Archives: Dow Jones & Co.

CFO Journal

WSJ planning CMO Today launch

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The Wall Street Journal, which has specialized news products for chief information officers and chief financial officers, is readying one for chief marketing officers, sources have told Talking Biz News.

The Dow Jones & Co. property has been hiring staffers to run what some have called CMO Today. Its similar products are called CFO Journal and CIO Journal. The CFO Journal launched in 2011, while the CFO Journal launched in 2012. Both services provide real-time news, coverage and analysis written and produced by a dedicated team of editors and financial journalists.

In the past month, The Journal has appointed Suzanne Vranica as its advertising editor and hired Mike Shields from Adweek to work on a “special project with more details to be released later.”

In addition, it hired Jack Marshall, a reporter for Digiday, to cover advertising and marketing.

CMO Today is expected to launch by the end of the month, said one business journalist who was approached about working for the site.

 

 

 

Kaitlyn Kiernan

Options reporter Kiernan leaving WSJ for Law360.com

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Kaitlyn Kiernan, an options reporter for The Wall Street Journal and Dow Jones Newswires, is leaving the news organization.

Her last day is Friday. She wrote a daily story on activity of note in the options market. She also contributed to reporting on the U.S. stock market.

Kiernan is going to Law360.com to become private equity senior reporter, part of its mergers and acquisitions coverage expansion.

“This will be a totally new form of sourcing for me since so much of that reporting is on background and I can see who my competitors work with,” she said in an email to Talking Biz News on Friday.

In an email to her colleagues, Kiernan wrote:

I’m sad to say today is my last day at Dow Jones and The Wall Street Journal. I’m grateful for the time I’ve spent reporting alongside some of the world’s most talented reporters and editors. I will miss this place and many of the people here.

I wish you all the best and hope our paths cross again. Please stay in touch.

Kiernan had worked for The Journal/Dow Jones for the past two years. Before that, she was an intern at Bloomberg News. She is a Boston University graduate.

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WSJ seeks pensions reporter

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The U.S. pension system is on the edge of a crisis, as corporations, cities and states scramble to meet their promised obligations to retired employees.

The pension gap is hundreds of billions of dollars for corporations, and many are battling to even calculate their future liabilities, much less pay for them. The situation is arguably worse on the public side, where most politicians continue to underfund plans in hopes that someone else finds a solution down the road. With trillions of dollars under their control, pension plans are also among the world’s biggest investors and their sway with corporate boards and hedge-fund managers is growing.

This is an increasingly important beat for M&I; as well as the paper, as we are uniquely positioned to dominate coverage on an issue that affects almost every American family.

Please attach a resume, cover letter and three to five published clips to your online application.

To apply, go here.

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Head of Dow Jones Digital is out

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Dow Jones & Co., the parent of The Wall Street Journal, has removed its head of digital, Michael Rolnick, amid a strategy shakeup that has been unfolding over the past month, Joe Pompeo of Capital has learned.

Pompeo writes, “A Silicon Valley veteran hired by Fenwick in August 2013, Rolnick’s job was to increase digital and mobile readership, a role in which he oversaw teams focused on business development, digital circulation, audience engagement and analytics. During his brief tenure, the company explored changes to The Journal‘s online paywall and struck deals to put its content on third-party networks such as the Google Play Newsstand.

“Since Rolnick’s Feb. 12 departure, his teams have been redeployed under other Dow Jones executives, including Ed Roussel, head of consumer and institutional products, and Christina Komporlis, who oversees print circulation. One insider familiar with the decision said the goal was to streamline print and digital circulation.

“Rolnick declined to comment, as did a spokesperson for Dow Jones.

“Sources cautioned against drawing any conclusions about Rolnick’s firing insofar as what it might suggest about Lewis’ digital consumer strategy, which Dow Jones plans to ‘expand’ and ‘invest in,’ Lewis told employees recently in a memo.”

Read more here.

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News Corp. CEO: DJX to get flexible pricing

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Dow Jones & Co. will adjust the pricing of its DJX subscription product to make it “more flexible and thus more compelling to clients,” News Corp. chief executive Robert Thomson said Thursday.

Joe Pompeo of Capital New York writes, “On a Thursday afternoon conference call with Wall Street analysts, Thomson said the decision to change course on DJX followed an ‘intensive assessment of the state of the business’ and he emphasized that the institutional business is ‘very much core’ to the company’s overall strategy.

“‘To be frank, the execution was not quite right, and the trajectory was not quite right,’ said Thomson. ‘Will Lewis has been an efficacious presence. He’s making quite a difference in terms of mood and momentum. What you’ll see is a much more flexible approach to our customers. Not a plethora of prices, but a pricing structure that makes sense to users.’

“Thomson’s comments followed the release of News Corp’s financial results for the second fiscal quarter of 2014, during which company revenues fell 4 percent to $2.24 billion, largely due to lower advertising revenues in the News and Information Segment. Revenues for that segment were down 9 percent to around $1.61 billion.”

Read more here. Dow Jones is the parent of The Wall Street Journal, Barron’s and Marketwatch.com.

DJ VentureWire

VentureWire seeks copy editor

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Dow Jones & Co. seeks a copy editor for VentureWire, the industry’s leading publication, and Venture Capital Dispatch, the Wall Street Journal’s venture capital blog.

This position includes several key responsibilities, including editing stories for the VentureWire newsletter and the blog; making news judgments on top stories; writing headlines; closing the publication using our publishing platform; writing stories and blog posts about venture capital financing and industry trends; and combing wire services and other sources for potential story leads. The copy editor is a key part of our team covering the bustling world of venture capital, which yields some of the most talked-about tech trends, major deals and blockbuster IPOs in business journalism.

The ideal candidate will have a solid knowledge of the startup world, technology news, entrepreneurism and venture capital finance, as well as strong writing skills, a sharp editing eye, mature news judgment and social media savvy. Good writing skills and a sharp sense of what makes a good story will give the right candidate the chance to have his or her work reach a mass audience.

Please attach a resume, cover letter and three to five published clips to your online application.

To apply, go here.

Lex Fenwick

Dow Jones CEO departure came after revenue slide

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CEO Lex Fenwick’s surprise exit from Dow Jones & Co. came after some banks and other financial clients balked at the former chief executive’s ambitious new product, DJX, which sent sales tumbling, reports Jennifer Saba of Reuters.

Saba writes, “Several sources said institutional sales have dropped significantly since the April 2013 launch of DJX, a single Web-based platform that bundles together DowJones Newswires, Factiva, the Wall Street Journal and other Dow Jones products for institutional customers.

“DJX’s rigid pricing structure left little room for negotiation, and alienated some retail brokerages, banks and other financial institutions that prefer to cherry pick products and bargain on price, said the sources, who include Dow Jones customers. They did not want to be identified because they were not authorized to speak publicly about the company.

“Dow Jones’ institutional revenue fell by $11 million in the three months ended September 30, according to the fiscal first quarter results of parent News Corp, which did not provide the total figure. Figures for the December quarter have not been disclosed ahead of News Corp’s results report on Thursday.

“A spokeswoman for News Corp declined to comment on Fenwick or the sales performance of DJX, which is still in beta. Fenwick did not respond to emailed requests for comment.”

Read more here.

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Interim Dow Jones CEO: We will invest in journalism

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William Lewis, the interim chief executive officer of Dow Jones & Co., the parent of The Wall Street Journal, sent out the following message to the staff on Monday:

It has been two weeks since I was appointed Interim CEO, and I wanted to write to thank the many people across the company who have been kind enough to send me their thoughts and ideas on how we can ensure our business is able to respond better to our customers’ needs.

People from many departments and many regions across the globe have given me detailed thoughts and considered opinions on how we can be the best.  I have also been able to meet many people in person at our offices at Avenue of the Americas and South Brunswick as well as Gray’s Inn Road and Fleet Place in London, I look forward to meeting many more of you over the coming weeks.  This is an outstanding company, full of passionate people and we have the most tremendous opportunity ahead of us.

I’ve been learning in great detail about our products, our people and the possibilities that we have at Dow Jones. Working with the senior management team, my aim is to take a thoughtful and considered approach to understand the landscape and to help create a culture of listening and open communication in which your views are heard. Please email me at william.lewis@dowjones.com with any thoughts you have that you would like to share with me.

The medium-term goal is to work towards a budget process for FY15 that Anna Sedgley and her team will lead for me. This will help shape our focus and strategy, which we will begin to implement at the start of the fiscal year in July.  This strategy will, to a large extent, be based on input from co-workers who have deep and detailed knowledge about their markets, their products and our customers and we do want to hear from all of you – so please take the opportunity to contribute to the discussion over the next few months.

The other clear priority is to review our institutional strategy.  As you may be aware we have created a DJX task force with cross-company representation in order to carve out next steps. This team has been working hard with input from many people.  We look forward to sharing the outcome with you shortly and to working more closely with our institutional customers.

We will also be increasing our efforts to expand our consumer business and invest in our digital products.  Our journalism serves the most influential individuals around the world and it sets the standard for rigorous, quality reporting.  Investing in our journalism and building our consumer brands is an unequivocal priority.

We have world-class people and products at Dow Jones and I am truly excited about the opportunities and possibilities for growth and expansion.

Thank you for making me so welcome in my first few weeks and thank you for your commitment to our company. I look forward to working with you.

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Union leader to Dow Jones employees: We will get best deal

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Bob Kozma, the president of the Independent Association of Publishers’ Employees, the union that represents business journalists at The Wall Street Journal, Dow Jones Newswires and Marketwatch.com, sent out the following note to its members:

First we had the Bancrofts as owners. Now we have the Murdochs. We have endured Peter Kann and Rick Zannino as CEOs, followed by Les Hinton. Lex came . . . and went. The chandelier is going, too.

Through all the changes, one thing is clear: We, the employees represented by the Independent Association of Publishers’ Employees, make Dow Jones & Co. happen.

From the Wall Street Journal to Barron’s, from Factiva to MarketWatch — we make it happen.

From New York to California, Dallas to Toronto, Chicago to Washington — we make it happen.

From newsrooms to press rooms; from sales to customer service; building maintenance, circulation, finance, payroll, technology — wherever you see “Dow Jones” painted on a wall or stenciled on a door — we make it happen.

Managers may come and go, executives may change strategies seemingly overnight, but we remain steadfast because we know — we make it happen.

The new year is only one month old and look how tumultuous it has been. We await the news on News Corp’s — and Dow Jones’s — performance in the latest quarter. Management may once again say how it has to wring cost savings from the organization, and how the company has to do more with less. The leadership of your union will do all we can to counter management’s desire to heap more work on its employees.

This year, IAPE and Dow Jones will negotiate a new collective-bargaining agreement, the contract that governs how we operate. With your support, we will do what we always do: get the best deal possible. We will do this because we know — we make it happen!

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Repak becoming Dow Jones director of global real estate

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Alan Anspaugh, editor of news operations for The Wall Street Journal and Dow Jones, sent out the following staff announcement on Tuesday afternoon:

Chaz Repak, our Deputy Editor, News Operations, is advancing to the corporate front lines, becoming Dow Jones’s Director of Global Real Estate.

That’s good news, as Chaz brings 21 years of knowledge of DJ’s people, practices, bureaus and offices to the role, which is sure to benefit every staffer. Unfortunately, he leaves a News role in which he has worked passionately, creatively and tirelessly for our News teams around the globe. Chaz played a dominant role in unifying and greatly improving the Journal, Newswires and Marketwatch staffing and budgeting areas.

His familiarity with our far-flung bureaus and facilities was never more needed. In moving into his new role in mid-February, Chaz will visit and help even more of them.

Please join me in wishing him good luck and Godspeed.