The decision earlier this year to place ads on the front page of The Wall Street Journal resulted in eight letters to publisher Gordon Crovitz, and six of those were from journalism professors who complained that the space should be reserved for editorial content.
Crovitz said the decision to offer the front-page ads come up during discussions last year about the paper’s redesign, which was launched in 2007. He said that the paper can sell a front page ad for one day and receive the equivalent of one year’s pay for a senior reporter at the paper.
Although Journal reporters have complained that the ad takes away space for editorial content, Crovitz said additional space has been added elsewhere in the paper. “We thought we were giving readers equivalent value,” he said.
Crovitz noted that some advertisers may be nervous about purchasing ads on the front page when its likely that the Journal will run an article about the company that is negative. That happened last year when Hewlett-Packard ran ads on the front page on days when the Journal has articles about its pretexting scandal.
“The H-P guys were great,” said Crovitz. “They said, ‘That’s life.'”
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…
Reuters is seeking an experienced editor to take part in our fact-checking project and support the…
CNBC Make It reporter Ashton Jackson writes about ways to make financial news more accessible to consumers.…