Dow Jones & Co.

The top editor of The Wall Street Journal is planning to step down after less than a year on the job and four months after the paper was taken over by Rupert Murdoch's News Corp., according to a person familiar with the situation.

The reasons for Marcus Brauchli's departure weren't immediately clear, but Time magazine's Web site, which first reported the news late Monday, said Brauchli had tried to find a "middle path" between the paper's old guard and Murdoch's new vision for the paper.< [...]

The top editor of The Wall Street Journal is planning to step down after less than a year on the job and four months after the paper was taken over by Rupert Murdoch's News Corp., according to a person familiar with the situation.

The reasons for Marcus Brauchli's departure weren't immediately clear, but Time magazine's Web site, which first reported the news late Monday, said Brauchli had tried to find a "middle path" between the paper's old guard and Murdoch's new vision for the paper.

Brauchli formally took the reins last May, shortly after News Corp.'s $5 billion bid to acquire the Journal's parent company Dow Jones & Co. became public.

Murdoch succeeded in buying Dow Jones only after an extended campaign to win over the fractious Bancroft family, Dow Jones' former controlling shareholders, some of whom expressed concerns about preserving the Journal's editorial quality and independence.

News Corp. eventually agreed to create an editorial oversight board that would have to sign off on the appointment or removal of the managing editor or other top editorial roles.» link

from AP April 22, 2008 - Tuesday 22 April 2008 at 08h09 - Post useful? YES : 0  NO : 0