NEW YORK, April 22, 2008 (PRIME NEWSWIRE) -- Marcus Brauchli, Managing Editor of
The Wall Street Journal, and Les Hinton, CEO of Dow Jones & Company jointly
announced today that Mr. Brauchli is stepping down from his position as Managing
Editor of The Wall Street Journal and will become a consultant to News
Corporation. The announcement was made after a meeting between the members of
the Special Committee designed to protect the editorial integrity of the
newspaper, Mr. Brauchli and representatives from Dow Jones and News Corporation.
In his new role, Mr. Brauchli will provide guidance to senior management in a
wide range of areas, from advising The Wall Street Journal to exploring the
possibility of a business news channel for STAR-TV in Asia.
Dow Jones will begin a search for Mr. Brauchli's replacement immediately.
"Marcus is a brilliant journalist who has played a key role in the growth of The
Wall Street Journal over the past 20 years," said Mr. Hinton. "He deftly guided
the Journal's coverage of every major news event of the past decade and is
leaving the paper in a position of great strength."
"Following the change in ownership of Dow Jones and the Journal, I have
concluded the time is right to consider new career possibilities," Mr. Brauchli
said. "I revere the Journal and hold my colleagues here, both old and new, in
the highest regard. There isn't a better team in journalism, and I will greatly
miss working with them on a daily basis."
"Marcus has been a terrific leader throughout the transition process and I have
great respect for him," said Rupert Murdoch, Chairman and Chief Executive of
News Corporation. "I am pleased he has accepted this new role in News
Corporation and believe his experience will be a great asset, especially in Asia
-- a region where we see significant growth potential and where he has
particular expertise."
Marcus Brauchli, 46, became the Journal's Managing Editor last May, overseeing
the Journal news franchise, in print and online, in the U.S. and abroad. Before
that, he had served as Deputy Managing Editor, Global News Editor, and National
Editor. In those jobs, he helped to guide redesign of the Journal's U.S., Asian,
and European editions and to oversee coverage of two Presidential elections, the
September 11 attacks, the wars in Iraq and Afghanistan and the 2000-2001 stock
market downturn. Before that, he spent nearly 15 years as a foreign
correspondent and was based in Hong Kong, Shanghai, Tokyo, and Stockholm. He
began his career at Dow Jones in 1984 in New York.
ABOUT DOW JONES
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS,
NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of
global business news and information services. Its Consumer Media Group
publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern
Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow
Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones
Financial Information Services. Its Local Media Group operates community-based
information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd.
and provides news content to radio stations in the U.S.
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CONTACT: News Corp
Media Contacts:
Teri Everett
212-852-7070
teverett@newscorp.com
Dow Jones & Company
Robert H. Christie
212-416-2636
robert.christie@dowjones.com
