Paul Thomasch of Reuters writes Friday about the multiple bad decisions made by the Bancroft family that controls Dow Jones & Co., the owner The Wall Street Journal, from picking bad executives to run the company to ignoring it outright.
But they finally may have gotten one decision right.
“‘But I feel that it would be supremely arrogant to think that in their situation I might not do the same thing,’ he added. ‘I think they are making an economic decision and I don’t think you can blame anybody for that.’
“The heart of the problem is that readers and advertisers are moving away from print and toward digital media, meaning newspapers are suffering from a severe slump in advertising and circulation. That is unlikely to change, experts say.
“There are, moreover, only so many options available to improve finances, most of which involve cost-cutting, like reducing staff levels or production costs.”
Read more here.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…