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Topic: Memos Sent to Romenesko
Date/Time: 11/30/2006 1:40:38 PM
Title: New group at Dow Jones
Posted By: Jim Romenesko
 
From: Reynolds, Cathy
Sent: Thursday, November 30, 2006 1:01 PM
To: WSJ All News Staff
Cc: Lipschutz, Neal
Subject: FW: Spot Announcement

Colleagues:

We're pleased to announce the creation of a new group at Dow Jones, based in Harborside, with an important mission in this new era: to coordinate and handle coverage of major announcement-driven and breaking U.S. corporate news for the Newswires, the Online Journal and, in many cases, the print Journals.

The group, under the direction of Jeff Sutherland, will spearhead a broader change in how we handle spot corporate news, company-wide.

Starting in January, Newswires will cover virtually all disclosure and breaking corporate spot news from the outset. Headlines and rewrites of press releases—always the purview of Newswires—will continue to come from Newswires. In addition, guided by Jeff’s new operation, Newswires reporters will produce most corporate-news writethroughs -- sometimes several times, depending on the nature and importance of the story -- for the online, overseas and U.S. Journals.

This will bring about significant changes for everyone involved in the news process.

For Newswires, this will mean fuller participation in the spot-news process in the U.S. and a broader responsibility to quickly produce stories that serve all groups.

For WSJ.com staff, the time saved in not duplicating these stories will be put to tasks more geared to the online world -- blogs, infographics, videos, podcasts, and additional sidebars or other elements that add to readers' understanding of business and world news. Online editors also will contribute frequently to the editing of spot news.

For WSJ reporters and editors, this change will help focus their efforts on interpretive and longer-form journalism. In many cases, a story produced by the corporate-news desk will stand for Journal editions overseas and in the U.S. However, Journal reporters will remain responsible for their companies and industries. They will be expected to follow announcements and conference calls, to read the stories produced by the new desk and to look for ways they can add real value or analysis. Value-added material will usually be sent as soon as possible—not held for the next print edition deadline—to maximize the benefit to our real-time outlets, which operate in intensely competitive spheres.

We believe that Jeff is the perfect editor to handle this new effort. He has served as the Journal's Corporate News Editor since 2002, and he is highly respected across Newswires, WSJ.com and the Journal. In his new role, he will report to Bill Grueskin, managing editor of WSJ.com, and he will continue to coordinate closely with editors and bureaus at Newswires and the print Journal to ensure that all parts of our franchise are served well by this operation.

The other editors who work for Jeff's corporate-news desk in the U.S., Hong Kong and Brussels will continue to report to Jeff, with one exception: Sofia McFarland will transfer to the Journal's Global News Desk at the World Financial Center, where she will have primary responsibility for overseeing a new display feature that will start next January in the Journal, Earnings Digest. Sofia will report to National Editor Laurie Hays.

In upcoming weeks, Jeff will publish a fuller FAQ explaining how the new desk will be staffed, how stories will be coordinated and how inserts will be accommodated, along with a staff list showing editors' hours, phone numbers and areas of responsibility. In the meantime, we welcome your input into this important new effort.

Best regards

Brauchli/Grueskin/Lipschutz

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