Tag Archives: Dow Jones & Co.
Wall Street Journal managing editor Robert Thomson sent out the following announcement to the staff on Thursday afternoon:
We are delighted to announce that Grainne McCarthy will become joint bureau chief for France and Alessandra Galloni will be joint bureau chief for Italy, expanding the international roster of shared Wall Street Journal/Dow Jones Newswires offices. In their new positions, Grainne and Alessandra will report jointly to Gren Manuel, Newswires senior editor for EMEA, and Rebecca Blumenstein, Deputy Managing Editor of The Wall Street Journal.
Grainne will supervise WSJ and Newswires reporters and editors, including the French-Language Service, from Paris. She is already well acquainted with joint news management roles, having served as Chief Global Markets Editor for WSJ.com and DJN from late 2009. Since joining Newswires in 1996 as a reporter in Brussels, she has served as Indonesia bureau chief, assistant managing editor for Americas money news and managing editor for Americas energy news.
She has a master’s degree in journalism from Dublin City University and a bachelor’s degree in European Studies from the University of Limerick. She completed a one-year Knight-Bagehot fellowship at Columbia University in 2001 and won a William R. Clabby Dow Jones Newswires Award for her coverage of Indonesia in 1999.
Alessandra, based in Rome, will oversee Newswires and WSJ reporters in Milan and Rome, including Newswires’ Italian-language joint-venture news service with Milano Finanza, a national business newspaper. Ale served for the past five years in Paris as WSJ’s Southern Europe bureau chief, where she ran the Journal’s coverage of France, Italy, Spain and Portugal. She will take advantage of her contacts around the region by continuing to write about European issues.
Ale joined the Journal’s London bureau in 2001 as a reporter covering advertising. She moved to Rome in 2002, where she reported on the colorful world of Italian business and the even more colorful world of Italian politics, and European luxury goods. She led the paper’s coverage of the Parmalat corporate scandal, which received an Overseas Press Club award in 2004, and won a Business Journalist of the Year award in the U.K. in 2005. Ale has a bachelor’s degree from Harvard University and a master’s degree from the London School of Economics.
The moves mark the conclusion of Art Mooradian’s long European sojourn for Newswires, as he will return to the U.S. in a management role in New York. Art has worked in Europe since 1982, having been the wires’ first European energy reporter, then bureau chief in the Netherlands, Germany and most recently in France, with responsibility for Benelux and southern Europe. He also served for several years in London as Newswires’ EMEA training editor and operations editor. Art has a bachelor’s degree in political science from the American University in Washington.
Please join us in wishing all three the best of luck with their important new assignments.
Dow Jones Newswires senior editor of product innovation Rick Stine sent out the following announcement to the staff on Tuesday:
Since joining Dow Jones Newswires in February 2009 as deputy managing editor for wealth management, Kevin has helped develop and direct our expanded adviser-focused coverage in text, graphics and video of news and trends in wealth management, overseeing a team of a dozen reporters.
Kevin previously worked in a variety of roles in a 27-year career for Associated Press, including business editor, deputy international editor and bureau chief. As AP’s business editor, Kevin oversaw global coverage of business and financial news, and led a major expansion in investment-oriented coverage for a Web-based readership. As deputy international editor, he directed AP’s daily news coverage from 92 foreign bureaus, including articles that won two Pulitzer Prizes for reporters.
Outside the office, Kevin has been an officer on the board of the Society of American Business Editors and Writers for three years. He will become SABEW’s president at the organization’s annual conference in April.
Kevin is a graduate of Concordia College, and was a Nieman Fellow at Harvard University and a visiting professor at Ohio University.
David Thomson, the chairman of Thomson Reuters, is now worth $23 billion, up from the $19 billion he was estimated to be worth in 2010, according to Forbes latest list of billionaires.
Meanwhile, Michael Bloomberg, the majority owner of Bloomberg L.P., saw his net worth rise slightly to $18.1 billion from $18 billion.
Forbes reported that Bloomberg is now worth $22.5 billion and is growing. It stated, “His eponymous financial news firm is growing: this year it celebrated installing its 300,000th data terminal, and 12% revenue growth is expected.”
Thomson is No. 17 on the list, while Bloomberg is No. 30.
The Newhouses are also on the list. Si Newhouse is at No. 149 with a net worth of $6.6 billion, while Donald Newhouse is at No. 173 with a net worth of $5.8 billion. The Newhouses own the company that owns American City Business Journals, the publisher of business newspapers across the country.
See the full list here.
Dow Jones Newswires managing editor Linda Fung sent out the following announcement to the staff Wednesday afternoon:
Talib Amir, a long-time copy desk editor and manager, will oversee the spot news team in the role of Assistant Managing Editor. Adam Kuczynski, a member of the spot news desk for nearly six years, has been named assistant news editor. Talib and Adam will work to ensure the spot news desk, which is primarily responsible for putting out headlines on corporate and other disclosure news sources, develops the tools to help us go through releases quickly to find key information.
Talib joins spot news from the Americas Copy Desk, where he oversaw the editing of features and columns from all asset classes. He took part in setting up the features slot in 2008, which ensures that premier Dow Jones columns are edited to the highest standards. Talib has also helped edit Newswires stories for the regional pages of the Wall Street Journal, and oversees the work of several copy editors. Prior to this, Talib was responsible for running the Enterprise editing desk. Prior to joining Dow Jones in early 2001, Talib was an assignment editor at The Journal News in West Nyack, N.Y. and had been a copy editor at the Laredo Morning Times in Laredo, Texas. He has an M.A. in Communications from the University of Washington.
Adam has been an editor on the spot news desk since 2005 and was most recently a copy editor, where his responsibilities included writing headlines, serving as a headline coordinator and helping implement training programs for new hires. Prior to Dow Jones, he worked at Worrall Community Newspapers as a reporter and at ComRadio as an on-air host. He has a B.A. in Journalism from Pennsylvania State University and an M.A. in Corporate and Public Communications from Monmouth University.
Talib is filling the vacancy created by the departure of Tony Cooke, who recently became Editor, Elementized News. Adam is replacing Melodie Warner, who recently joined the Newswires Rewrite Desk.
Dow Jones Newswires deputy managing editor George Stahl sent out the following announcement on Wednesday:
I’m pleased to announce that Lauren Pollock has been named to oversee Dow Jones Newswires’ Rewrite Desk. Lauren heads the team of reporters that quickly turn around press releases into stories for Newswires and WSJ.com. The desk provides the valuable service of delivering the first word on the day’s most important news stories.
The move is a return for Lauren, who was a member of the Rewrite Desk during 2008 and 2009. More recently, Lauren ran the Hot Stocks desk, where she led a team of reporters monitoring the day’s biggest stock movers.
Lauren is a Dow Jones veteran of seven years. She started her career at the company by writing for Corporate Filings Alert in Washington. Lauren later worked on Newswires’ spot news desk.
Lauren, originally from Kingwood, Texas, graduated from the University of Missouri with bachelor’s and master’s degrees in journalism.
The Wall Street Journal Radio Network announced plans to launch a new, live evening show called “The Daily Wrap from The Wall Street Journal with Michael Castner.”
Scheduled to debut in spring 2011, the broadcast will originate from the Journal’s headquarters in New York City and air live each weekday from 6 p.m. to 9 p.m. EST.
On “The Daily Wrap,” Castner will break down the major news and developments of the day on a range of topics, including U.S. and world news, politics, entertainment, health, technology, sports and more — with contributions and analysis from Wall Street Journal reporters, editors and opinion writers as well as news makers and special guests.
“The Daily Wrap will showcase the breadth and depth of reporting and resources from across Dow Jones and The Wall Street Journal to serve high-quality news and analysis, interviews and opinion across myriad topics,” said Nancy Abramson, executive director of The Wall Street Journal Radio Network, in a statement. “The show will complement the Journal brand — expanded content and scope, fascinating stories and new ideas — and provide an exciting new opportunity and alignment for advertisers.”
Castner currently serves as a host on WRNO-FM in New Orleans and WJBO-AM in Baton Rouge, La.
Read more here.
Kevin Delaney, the managing editor of The Wall Street Journal‘s Web site, sent out the following announcement to the staff:
Among other things Jonathan brings to this assignment is his experience as executive editor of TheStreet.com, where he oversaw the financial site’s newsroom and efforts in areas including blogs.
Jonathan will hand off part of his WSJ.com responsibilities in the coming weeks so he can focus on the MarketWatch effort. Effective right away, I’ll take over Jonathan’s shared responsibility for SmartMoney.com with SmartMoney magazine Editor in Chief Jonathan Dahl. SmartMoney.com Editor Janet Paskin will report jointly to me and Jonathan Dahl.
Our expectation is that Jonathan Krim’s work will benefit in the end not only MarketWatch but the entire WSJ Digital Network. I ask you to lend him your support and ideas.
Krim has been senior deputy managing editor at WSJ.com for the past year. Before that, he was local innovations editor at the Washington Post.
Judges of the 17th annual William R. Clabby Dow Jones Newswires Awards today named 18 journalists for nine awards covering exemplary work during 2010. The Clabby Awards are Newswires’ highest internal honor for outstanding journalism by Newswires and Newsletters reporters and editors. The winners are:
Commentary and Analysis
- James Simms, Tokyo, for “Tokyo’s Unhealthy Mandarins,” a sequence of Heard on the Street columns chronicling the feckless bureaucracy at work in Japan’s latest government.
- Marcin Sobczyk, Warsaw, for “A Nation Wounded, Deeply,” the coverage of the tragic April 10 plane crash that killed Poland’s president, central bank governor and other senior officials while on a visit to Russia.
- The Americas energy team, specifically Brian Baskin and Mark Long in New York, Ryan Dezember and Angel Gonzalez in Houston, and Cassandra Sweet in San Francisco, for “Beyond the Deepwater Horizon,” which exposed how ill-prepared industry and government were to deal with the magnitude of the oil spill in the Gulf of Mexico.
- Brian Baskin, New York, and Tom Polansek, Chicago, for “Dodgy Data,” an exploration of how flaws in vital government-compiled statistics roiled the crude oil and corn markets.
- Jacob Bunge, Chicago, and Donna Kardos Yesalavich and Kristina Peterson, New York, for “Market Mayhem,” an explanation of the events surrounding the “flash crash” of May 6 in which the Dow Jones Industrial Average briefly dropped by nearly 1,000 points.
- David Winning, Sydney, for “Asia Pacific Coal Sector Glows Red Hot,” a series of stories on acquisitions, supply contracts and market forecasts for the Asia coal market.
- Tomio Geron, San Francisco, for “Everyone Wants a Piece of Facebook,” a series of news breaks about investment funds aimed at buying secondary-market shares of hot, pre-IPO Silicon Valley startups.
- Taksahi Mochizuki and Hiroshi Miwa, Tokyo, for “Intervention Gold in Tokyo,” jointly with Kanga Kong, Seoul, for “Dominating ‘Currency Wars’ Capital Controls.” Mochizuki and Miwa broke the news of the Bank of Japan’s massive, unsterilized intervention in the yen market in September. Kanga scored a series of global exclusives on G-20 communiques on international monetary policy.
- Costas Paris, Singapore, “Breaking News from Singapore to Athens,” jointly with Andrea Thomas, Berlin, for “Germany, France Agree on Historic Greek Bailout.” Paris broke news on the Greek bailout and Singapore monetary policy. Thomas broke the news March 25 that France and Germany had reached a deal on how to rescue the Greek economy.
Each award carries a $3,000 prize. Shared awards are divided among recipients. Trophies will be presented at an awards reception Wednesday, April 13, at Dow Jones headquarters in New York.
Neal Lipschutz, senior vice president and managing editor of Newswires, chaired the judging panel, which also included Richard Rescigno, managing editor of Barron’s; and Martha Steffens, holder of the Society of American Business Editors and Writers Chair in Business and Financial Journalism at the University of Missouri. Newswires Operations Editor Chaz Repak serves as administrator of the Clabby Awards.
TALKING BIZ NEWS EXCLUSIVE
Dow Jones & Co. CEO Les Hinton sent out the following e-mail to the company’s employees on Thursday:
Dow Jones fiscal second-quarter results again showed profits and progress as we build a modern model for the news and information business.
Within News Corp.’s second-quarter results yesterday were some encouraging numbers from Dow Jones. Total revenue rose 7% in the three months ended Dec. 31. Circulation revenue jumped nearly 14% companywide, and advertising revenue rose 10%.
It was the fifth consecutive quarter of increasing ad revenue for The Wall Street Journal. Barron’s, MarketWatch and The Wall Street Journal Asia also posted sharp increases in ad revenue. Our enterprise businesses appear to have turned a corner in the quarter, and we are seeing a more favorable trend there.
We continue to invest in our products, particularly those aimed at enterprise customers. Dow Jones FX Trader launched this week. It represents a major opportunity to extend our share of the huge market for foreign-exchange information and to build our Financial Markets business.
This is another important initiative for Dow Jones, which has been growing by investing in content. Greater New York, WSJ Weekend and other initiatives have demonstrated we can turn quality content into business success. DJ FX Trader is an investment in content and technology too. It is a cross-company collaboration on news, technology and business. It brings together the news from The Wall Street Journal and Dow Jones Newswires with advanced technology from Dow Jones Financial Markets. It leverages the expertise of many people and many products to create something exceptional and new.
We had many accomplishments in the quarter. If this abbreviated list isn’t comprehensive, it is nonetheless representative:
- The Journal again held its position as the No. 1 newspaper in the U.S.
- WSJ. Magazine announced it will publish more frequently, going from six issues in 2010, to nine in 2011 to 10 in 2012.
- Journal editions in Europe and Asia expanded their lifestyle content and launched iPad apps.
- In Hong Kong, the Journal launched a section specific to that thriving metropolis. In Japan, thousands downloaded the Journal’s Japanese-language iPhone app when it debuted there.
- The Journal app for Android debuted to much praise. PC Magazine said: “There is currently one good app for Android tablets. It is the new Wall Street Journal app, and it’s just beautiful…”
- Wall Street Journal Professional Edition announced a custom version tailored for senior financial executives. WSJ Pro received a Codie award this month for best news service. The Codie is a peer-recognition award and among the most prestigious in the software industry.
- At the Local Media Group, a shift to paid online access is driving increases in circulation revenue. All LMG papers now charge for their digital editions, and the results are exceeding expectations.
- In Princeton, we turned the switch on the first of two parts to our solar-power system. We now are generating power from 2.5 megawatts of what later this year will be a 4.1 megawatt system, one of the biggest such corporate sites in the U.S.
We want to continue this progress. We want to continue investing in the future by investing in content and technology and in the vitality and relevance of brands ranging from the Journal to Factiva, VentureSource, Watchlist and more.
The media business moves at digital speed now. At that rate, the future comes faster every day. So we must be restless in pursuit of tomorrow’s readers and customers. We must be relentless in competition for screen space, eyeballs and advertisers. And we must be as diligent in managing our costs as we are in choosing our investments and thus our future.
Thanks to everyone for a successful quarter. These results show what a great company and great colleagues are capable of.
Dow Jones & Co. CEO Les Hinton sent the following message to company employees on Monday night about the launch of its new foreign exchange news and information service:
Today we announced the launch of DJ FX Trader, our latest investment in content and technology and a major companywide initiative in our B2B business.
DJ FX Trader combines the global expertise of Dow Jones Newswires and The Wall Street Journal with advanced technology from our Financial Markets segment. It is a real-time news and information service that we believe will appeal to a significant portion of an FX market trading $4 trillion daily. With our history of providing trusted information and analysis to the financial and FX communities, and with our scale, editorial prowess and technology, this product makes eminent sense for the market and for Dow Jones. We will be offering it to major investment firms in the coming months.
The backbone of the product, in addition to cutting-edge technology, will be the breaking news and analysis of our global team of 2,100 journalists, including 100 dedicated specifically to covering news vital to FX markets.
This project represents companywide collaboration at its best. Though ultimately it is an enterprise endeavour, its conception and gestation are the product of many people and many departments. Robert Thomson and Joe Lanza have been driving the project for more than a year. They have had able assistance in news from Jim Pensiero, Gabriella Stern and Rick Stine, among others. On the business side, Rob Passarella and Ian Doull are among those leading the way. There are many, many more.
We continue to differentiate ourselves from the competition. By investing in quality content and products, we are providing readers and customers with good reason to rely on Dow Jones as the essential provider of news and business information. We’ve brought Greater New York, WSJ Weekend, an award-winning iPad application and now DJ FX Trader to the market all in less than one year. And in that same year, our customers have acknowledged our progress by buying our products and increasing our revenue.
This is one more reason to be proud of Dow Jones. DJ FX Trader is just the first of what will be several important investments in our enterprise products in the coming months. Thank you for all you do to help our readers and customers recognize the quality we bring to their businesses and lives.