Categories: OLD Media Moves

Is the WSJ looking to further trim costs?

Stephanie Smith of Women’s Wear Daily wrote Tuesday that the Wall Street Journal is apparently asking a consultant to come into the paper and evaluate how it gathers news and information.

Smith wrote, “Sources say The Wall Street Journal is also looking for a consultant — McKinsey & Co. or another firm — to examine its editorial processes.

“The move to seek outside guidance comes just weeks after the Journal unveiled a splashy redesign that included shrinking the paper by 3 inches, a move parent Dow Jones & Co. said would save $18 million annually. Now the Journal appears to be looking for consultants to find other areas to trim costs. The search for a firm comes as the Journal is in contract negotiations with a union representing editors and reporters, the Independent Association of Publishers’ Employees.

“A spokeswoman for Dow Jones said, ‘We have consultants coming in here all the time and we don’t comment about what they’re doing.'”

Read more here.

Recent Posts

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

13 hours ago

Silicon Valley Biz Journal seeks a reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

13 hours ago

Economist’s Bennet, WSJ’s Morrow receive awards

The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…

20 hours ago

WSJ is testing AI-generated article summaries

The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…

21 hours ago

Cohen joining Bloomberg Tax

Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…

22 hours ago

Avila named interim editor for Automotive Dive

Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…

22 hours ago