OLD Media Moves

Buyouts offered at Wall Street Journal

December 6, 2007

Posted by Chris Roush

Jim Romenesko is reporting on his blog that The Wall Street Journal has offered a buyout to an unspecified number of business journalists in the newsroom.

Wall Street JournalDow Jones spokesman Robert Christie e-mailed Romenesko and stated, “I can confirm that WSJ is doing some optional buyouts and a bit of restructuring in the news department. I don’t have the exact number.”

Christie also stated that the paper was still doing some hiring in specific locations.

The Journal and other Dow Jones properties are expected to be sold next week to News Corp., which is run by Rupert Murdoch.

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