Dow Jones Combines Consumer And Media Groups
January 04 2010 - 4:09PM
Dow Jones News
Dow Jones & Co. said Monday it's combining its consumer and
enterprise media businesses, its two biggest units.
The company, which is owned by News Corporation (NWS), said the
move will put its major brands, such as The Wall Street Journal,
Dow Jones Newswires, Barron's, Factiva and MarketWatch, into one
business division.
(This story and related background material will be available on
The Wall Street Journal Web site, WSJ.com.)
Todd Larsen, currently the head of the consumer business, will
become president of Dow Jones, overseeing the company's commercial
operations. Stephen Daintith will add chief operating officer to
his current duties as chief financial officer. He will be
responsible for strategic guidance for the entire organization.
Clare Hart, who was president of the Enterprise Media Group,
will be leaving the company.
The company's local media group, comprising daily and weekly
community newspapers, will remain separate.
News Corp. owns Dow Jones & Co., publisher of this newswire,
and The Wall Street Journal.
-By Michael Reid; 212-416-2177; Michael.Reid@dowjones.com
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