Dow Jones' Ingrassia is moving on

Crain’s New York Business is reporting that Paul Ingrassia, who formerly ran Dow Jones Newswires, is leaving the company after losing out in the race to become the next managing editor of The Wall Street Journal.

Crain’s wrote, “And it has nothing to do with Rupert Murdoch’s bid to buy the company. A Pulitzer Prize-winning journalist who ran Dow Jones newswires from 1998 until 2006, Mr. Ingrassia was named to the new position of vice president of news strategy for Dow Jones last July. At the time, he was considered a front-runner in the contest to replace Paul Steiger as managing editor of The Wall Street Journal. But in April, the job went to the Journal‘s deputy managing editor, Marcus Brauchli.

“According to a newspaper insider, Mr. Ingrassia is leaving in response to being passed over. He did not return a call.

“A Dow Jones spokesman says that ‘nothing has been decided about [Mr. Ingrassia’s] future.'”

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While chief of the Journal’s Detroit bureau, Ingrassia and his Journal colleague, Joseph White, won a Pulitzer Prize in 1993 for beat reporting for their coverage of the management turmoil at General Motors Corp. They also received the 1993 Gerald Loeb Award for Distinguished Financial and Business Journalism. In 1994, the two wrote a book based on their coverage called “Comeback: The Fall and Rise of the American Automobile Industry.” Born in Laurel, Miss., Ingrassia received a bachelor’s degree in journalism from the University of Illinois at Urbana-Champaign and a master’s degree in journalism from the University of Wisconsin at Madison.