Categories: OLD Media Moves

Journalism values at Dow Jones

James Gross, who writes the “Moneybox� column for Slate and contributes to the “Economic View� column of the New York Times, argues on his a Moneyblog web site that a change in the board members at Dow Jones might be as important as the recent change in CEOs at the company.

Gross writes: “This can’t be good news. Dow Jones, the parent company of the Wall Street Journal, has made some changes to the board. Investment banker/Washington fixer Vernon Jordan and James Ottaway, the former chairman and CEO of Ottaway Newspapers Inc., a unit of Dow Jones, are out. Ottaway was a veteran newspaper executive.

“Their replacements: new Dow Jones CEO Richard F. Zannino and Eduardo Castro-Wright, the president and chef executive officer of Wal-Mart Stores, USA.

“So, Ottaway, one of the two board members who has ever worked at a newspaper, leaves. Zannino, the new CEO, has been with Dow Jones for about five years and joined as chief financial officer. And the outsider they bring in to replace Vernon Jordan is from Wal-Mart? He will surely provide valuable advice to the company as it figures out new, creative ways to hold down reporters’ pay and benefits.”

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

10 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

10 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

10 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

12 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

14 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

14 hours ago