Categories: OLD Media Moves

NYTimes biz editor pulls Dow Jones book proposal

Keith Kelly of The New York Post writes Friday that New York Times business editor Larry Ingrassia has pulled his proposal about the News Corp. purchase of Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, from the market.

Kelly wrote, “According to sources, Ingrassia, a 20-year veteran of The Wall Street Journal before he became the Times’ business editor, had been obsessed by the deal. His brother, Paul, also happens to be a longtime Dow Jones executive, though he recently said he would leave the company in January.

“However, eventually Nocera – who didn’t cover the Dow Jones story regularly for the Times but had written about the company during his days at Fortune – dropped out of the book plan, leaving Ingrassia in the hunt by himself.

“Ingrassia, when reached yesterday, would not confirm that the proposal had been pulled. ‘You’ll just have to go with what you heard,’ he said, declining further comment.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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John R says:
September 14, 2007 at 9:03 am
Isn't obvious after Nocera pulled out? It has been all about money and when publishers were not ready to pay enough due to lack of market interest - the future of the book has always been in doubt.
Ingrassia has just followed the inevitable.:neutral: