Crovitz served since October 1998 as senior vice president of Dow Jones and president of the Electronic Publishing group, where he was responsible for the Companyâ€™s Dow Jones Newswires, Financial Information Services, Dow Jones Indexes and Dow Jones Consumer Electronic Publishing businesses, which included The Wall Street Journal Online, Barronâ€™s Online and MarketWatch. During this time, electronic publishing revenues doubled to more than $500 million, operating income tripled to more than $110 million and the operating margin grew to more than 22% from less than 5%.
I like the fact that the company is keeping with a tradition of placing journalists in the publisher’s role. Crovitz is a former editorial writer for the Journal and a former Loeb Award winner.
An AP article about the changes notes, “The overhaul will combine the print and Web editions of The Wall Street Journal for the first time in a new consumer publishing unit, which will also include the financial news Web site MarketWatch, Barron’s, and SmartMoney magazine, which is a joint venture with Hearst Corp.”
Read about all of the new Dow Jones executives under new CEO Richard Zannino here.