Dow Jones is looking to cut costs, which means say goodbye to Sunday Journal and the Wall Street Journal Radio Network. In a memo obtained by Jim Romenesko, Dow Jones CEO William Lewis explained that while some businesses have succeeded, “it will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals.”
Here are Lewis’ notes on Sunday Journal and the Wall Street Journal Radio Network:
In the U.S., Sunday Journal from The Wall Street Journal, which provides content to partner newspapers each weekend, will come to a close over the coming months. We have an extremely strong offering in the very successful WSJ Weekend and will continue to work to grow that audience.
The Wall Street Journal Radio Network, which includes MarketWatch Radio and provides content to affiliate stations in the U.S, will cease operations at the end of the calendar year. As we move away from the terrestrial radio business, we will continue to build out our digital audio capabilities and offerings.