Dow Jones offers 3% raises, lump sum

Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and MarketWatch.com, has offered 3 percent pay raises and a 0.25 percent lump sum payment in January to the union that represents journalists.

The lump sum payment would be based on a person’s base salary. For a personal making $100,000, the payment would be $250.

The union earlier asked Dow Jones & Co. for a 15 percent pay hike in the first year of a new deal to make up for inflation. Bargaining will resume on Tuesday.

The IAPE 1096 also called for a cap of three mandatory in-office working days for the life of the contract, and proposed new contract language defining book and other derivative rights for employee-created work and protections against advancements in artificial intelligence.

A one-year contract expired on June 30. That agreement, covering the period from July 1, 2022 through June 30, 2023, provided a salary increase of 4 percent for all IAPE-represented employees retroactive to July 1, with a minimum raise of $40 per week, as well as a lump-sum payment equal to 1% of pay as of June 30, 2022, with a minimum of $1,000.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.