The Wall Street Journal saw a 33 percent decline in advertising revenue during the quarter, according to a story about parent company News Corp.’s results.
“Devoe said The Wall Street Journal posted a decline in third-quarter ad revenue of 33%, leading to a drop in the operating results of Dow Jones & Co., publisher of this newswire as well as the Journal.
“‘There’s no doubt that the traditional newspaper model has to change,’ Murdoch said, adding that he expects ad revenue from the newspaper’s Web site, WSJ.com, to grow by 20% in the company’s fourth quarter.
“Murdoch also said the company is exploring a number of ways to derive revenue from online news content, including online subscription models and the use of mobile devices.”
Read more here.
Aruna Viswanatha has been promoted to Washington enterprise editor. She will report to Damian Paletta.…
Bowdeya Tweh has been promoted to Chicago bureau chief at the Wall Street Journal, reporting…
Fierce Healthcare has promoted Heather Landi to executive editor. She has been a senior editor.…
Business news site Quartz has hired Audrey McNamara as breaking news editor. In her role,…
Mark Stenberg of Adweek looks at how publishers such as Bloomberg and Axios are generating…
Reuters has won the National Headiner Award for business news coverage for its stories about…