By: E&P Staff
The printed Wall Street Journal and its digital counterparts including the online newspaper and MarketWatch, will be in separate business groups under a corporate reorganization outlined Monday.
In a memo from Dow Jones & Co. President Todd Larsen, first reported on the Web site TalkingBizNews.com, the new corporate structure and its top executives were announced.
Larsen wrote: “The new organization will have five business groups – each will operate with a clear profit and loss (P&L) approach:
* The Wall Street Journal in print
* The Wall Street Journal Digital Network
* Dow Jones Financial Markets (includes Newswires and products geared to financial professionals)
* Dow Jones Corporate Markets (includes Factiva and products geared to corporate markets)
* Dow Jones Indexes.”
Heading the Journal in print will be Kelly Leach, who was given the title of general manager of the Journal. She was previously vice president for business management at the newspaper.
Gordon McLeod will continue as president of The Wall Street Journal Digital Network, responsible for the Journal’s online business as well as MarketWatch and other digital products, Larsen said.