Thomson Named Editor-in-Chief of Dow Jones and Managing Editor of The Wall Street...

Thomson Named Editor-in-Chief of Dow Jones and Managing Editor of The Wall
Street Journal

Robert Thomson has been appointed Editor-in-Chief of Dow Jones and managing
editor of the Wall Street Journal, effective immediately, Rupert Murdoch,
Chairman of Dow Jones & company, announced.

The Dow Jones Special Committee today unanimously endorsed Mr. Thomson's
appointment following his nomination by the Company last week.

Mr. Murdoch said: "Mr. Thomson's outstanding career as a financial journalist,
foreign correspondent and editor, equips him perfectly for the position."

Les Hinton, Chief Executive Officer of Dow Jones, said: "Robert is the ideal
editor to unlock the vast potential of the Wall Street Journal and our other Dow
Jones brands, both in this country and around the world."

Mr. Thomson will oversee the news section of the Wall Street Journal and the
editorial operations of Dow Jones News Wires. Neal Lipschutz, News Wires
managing editor, will report to Mr. Thomson. Paul Gigot, Editorial Page Editor
of the Journal, will report to Mr. Hinton, who will assume Mr. Thomson's role as
Publisher of the Wall Street Journal in addition to his existing duties.

Robert Thomson was appointed Publisher of Dow Jones in December 2007, having
been Editor of The Times of London since March 2002. Prior to that he was
Managing Editor of the U.S. Edition of the Financial Times, taking
responsibility for the FT's ambitious drive into America, where the newspaper
trebled its sales to almost 150,000 during his four-year tenure. For his work in
developing the FT, in print and online, he was named U.S. Business Journalist of
the Year in 2001. From 1996 to 1998, he was Editor of the Weekend FT,
orchestrating a successful redesign of that paper, which became the
fastest-growing newspaper in the UK market during 1997. He has served as a
correspondent in Beijing and Tokyo, and began his career as a copy boy at The
Herald, Melbourne, in 1979.

Mr. Thomson's appointment follows the resignation as managing editor of Marcus
Brauchli. Mr. Brauchli resigned after a meeting with Dow Jones executives.

Referring to the circumstances of Mr. Brauchli's resignation, Mr. Hinton said:
"The Company believes it was acting in accordance with the agreement and had no
intention of subverting the role of the Special Committee. In hindsight, we
recognize it would have more been appropriate to have advised the Committee in
advance of reaching an agreement with Mr. Brauchli. We have apologized to the
Committee members and undertaken that in future we will consult with it and seek
approval of the Committee before taking any action with respect to an editor
that could result in a material change in an editor's duties, responsibilities
or reporting relationships or the departure of that editor."

About The Wall Street Journal

The Wall Street Journal, the flagship publication of Dow Jones & Company is the
world's leading business publication. Founded in 1889, The Wall Street Journal
has a print and online circulation of more than 2 million, reaching the nation's
top business and political leaders, as well as investors across the country.
Holding 33 Pulitzer Prizes for outstanding journalism, The Wall Street Journal
provides readers with trusted information and knowledge to make better
decisions. The Wall Street Journal print franchise has more than 750 journalists
world-wide, part of the Dow Jones network of nearly 1,900 business and financial
news staff. Other publications that are part of The Wall Street Journal
franchise, with a global audience of 3.8 million, include The Wall Street
Journal Asia and The Wall Street Journal Europe. The Wall Street Journal Online
at WSJ.com is the largest paid subscription news site on the Web with 10.9
million users each month. In 2008, the Journal was ranked No. 1 in BtoB's Media
Power 50 for the ninth consecutive year. The Wall Street Journal Radio Network
services news and information to more than 280 radio stations in the U.S.

The Wall Street Journal logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=2641

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CONTACT: Dow Jones & Company
Media Contact:
Robert H. Christie
212-416-2636
Robert.christie@dowjones.com