Jeff Drew of the Triangle Business Journal, one of the papers owned by American City Business Journals, has written an obituary about Ray Shaw, the company’s chairman who died Sunday morning.
Drew writes, “In 1960, he began what would be a 29-year career at Dow Jones & Co., starting as a reporter at The Wall Street Journal and rising up the ranks into editorial positions at The Journal and other Dow Jones publications. He then moved over to the business side of the company, eventually climbing the ladder all the way to the position of president and chief operating officer.
“Shaw served 10 years in that role, tripling Dow Jonesâ€™ revenue, to $1.7 billion, before retiring in 1989, the year he bought control of American City Business Journals.
“He sold ACBJ in 1995 to Advance Publications but remained chairman of ACBJ, and he remained clearly the companyâ€™s leader until his death.
“There was no immediate word on who succeed Shaw. Whitney Shaw serves as executive vice president of ACBJ, while Kirk Shaw is vice president and chief financial officer.”
Read more here.