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Posts Tagged ‘Lex Fenwick’

Morning Media Newsfeed: Klein Out at WaPo | Dow Jones Chief Resigns | Newsweek Delays Print

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Ezra Klein Out at Washington Post (Politico / Dylan Byers on Media)
The Washington Post announced Tuesday that its star economics blogger Ezra Klein will be leaving the paper to start a new venture. “When Ezra joined us in 2009, he was a wunderkind blogger with brash confidence and a burning desire to write a column in the print newspaper,” Post editors wrote in a memo to staff. “As he leaves us, Ezra is still a brash wunderkind, but now his burning desire has a grander scope: He is looking to start his own news organization, an ambition that befits someone with uncommon gifts of perception and analysis.” FishbowlNY Also leaving are Melissa Bell, WaPo’s director of platforms, and Dylan Matthews, a Wonkblog reporter. FishbowlDC “As early as this week, Klein is expected to announce a new venture — described in a memo to Post staffers as a new ‘news organization’ — that will look to staff more than 30 people on the editorial side alone.” Politico For nearly five years, the Post has steered a bounty of financial resources to its star economics columnist and blogger. It has allowed him to have a contributor deal with MSNBC, a column with Bloomberg View, and to write long-form for The New Yorker. It has provided him with eight staffers to keep Wonkblog, his popular policy vertical, flowing with up-to-the-minute charts and analysis. The PR department has promoted him in profile upon profile. But when Klein proposed the creation of an independent, explanatory journalism website — with more than three dozen staffers and a multiyear budget north of $10 million — the Post said enough is enough. BuzzFeed A quick look at Klein’s “following” list reveals he’s quite recently followed Vox Media CEO Jim Bankoff as well Vox property editors-in-chief Joshua Topolsky (The Verge) and Lockhart Steele (Curbed Network). So are Klein and Vox in talks? BuzzFeed reached out to both Klein and Bankoff, both of whom declined to offer comment on the speculation. NYT / Paul Krugman May I say respectfully to the Post: You idiots! You see, Ezra and his team filled a huge gap. That gap exists throughout the news media, although the Times has, I believe, largely closed it in other ways. But it was especially severe at the Post. CJR / Behind The News Although there had been rumblings of his departure for several weeks, news of Klein’s exit drove enough traffic to temporarily crash Poynter’s website, a fact not lost on some observers. Digiday Digital publishing executives have a message for him: Good luck — you’re going to need it. Starting a sustaining publishing venture is harder than ever. It’s easy to be seduced by the current vogue for “personal brands” and the ability of superstars like Kara Swisher and Walt Mossberg to plant their own flag. But when it comes down to it, this is a roll of the dice for a 29-year-old journalist steeped in the wonkier (and less profitable) public policy parts of the media world.

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Lex Fenwick Out at Dow Jones

Lex Fenwick is out as CEO of Dow Jones. News Corp. just announced that Fenwick — who joined the company in 2012 — is departing, and William Lewis will takeover as interim CEO.

The company also proclaimed that it “plans to review Dow Jones’ institutional strategy.”

“We thank Lex for his time and energy at the helm of Dow Jones, and in particular for his original vision of DJX as an innovative way to integrate content and deliver it to customers in a timely manner,” said Robert Thomson, CEO of News Corp, in a statement.

Lewis joined News Corp’s News International in 2010. He most recently served as News Corp.’s chief creative officer.

Michael Rooney Departs Dow Jones, Trevor Fellows Joins as Head of Global Ad Sales

dow-jonesMichael Rooney, chief revenue officer of Dow Jones since 2007, is leaving the company. According to a memo from Lex Fenwick, Dow Jones’ CEO and publisher of The Wall Street Journal, Rooney is departing to “fulfill his dream of traveling around the world with his wife.” Rooney joined Dow Jones from ESPN, where he had served as executive vice president of multimedia sales since 2005.

In the same note, Fenwick also announced that Trevor Fellows has been named Dow Jones’ global head of advertising sales. Fellows comes to the company from Bloomberg LP, where he served as head of global media sales in the states and the United Kingdom.

Below is Fenwick’s full memo.

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News Corp. to Launch WSJ Profile, a LinkedIn Competitor

Will you accept a friend request from Rupert Murdoch? If you’re lucky, you’ll be asking yourself that when WSJ Profile, News Corp.’s LinkedIn competitor, debuts. As you can see from the picture, WSJ Profile will be almost identical to LinkedIn in what it offers. The Next Web reports that WSJ Profile is expected to launch in the next few weeks.

Lex Fenwick, CEO of Dow Jones, considers WSJ Profile a smart way to keep people glued to the Wall Street Journal. “We will be able to build a network of like-minded people around the world, into a community,” he said.

We agree that WSJ Profile is a good idea, but all we want to know is if it’s a blingee free zone or not.

Dow Jones Promotes Gerard Baker, Robert Thomson to Lead New Publishing Unit

A couple big changes at Dow Jones & Company are taking place. Effective January 1, 2013, Gerard Baker will be the editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, and Robert Thomson will be CEO of News Corp’s publishing unit.

Baker was most recently the deputy editor-in-chief of the Journal, a role he has had since 2009. He is succeeding Thomson, who had been editor of Dow Jones and managing editor of the Journal for the past five years.

“Gerry Baker’s extensive background across digital and print, as well as publications and geographies, has helped shape the Journal’s coverage during his time as deputy editor-in-chief, said Lex Fenwick, CEO of Dow Jones & Company and publisher of the Journal, in a statement. ”I am thrilled to work with him as he builds on Robert Thomson’s fantastic work to steer us to even greater heights.”

“It has been a joy and an education to be a member of the Dow Jones newsroom these last four years, and I am acutely conscious of what an extraordinary privilege and profound responsibility it is to be editor-in-chief,” added Baker.

Dow Jones to Acquire Full Ownership of WSJ.com Japanese Edition

Dow Jones & Company is set to expand its reach in Japan by acquiring SBI Holdings’ 40 percent stake in The Wall Street Journal Japan K.K., the co-publisher of WSJ.com’s Japanese-language edition. Once the purchase is made, Dow Jones will have full ownership of the site, with plans to grow the operations.

“The acquisition demonstrates Dow Jones’s continued investment in publishing, particularly in high-growth markets and in digital, local-language initiatives,” said Lex Fenwick, CEO of Dow Jones & Company and publisher of The Wall Street Journal, in a press release. “Together with the WSJ.com Chinese-language edition and soon-to-launch Bahasa Indonesia news site, the expansion in Japanese enables us to continue reaching new readers in Asia and to introduce them to the broader, comprehensive coverage of The Wall Street Journal worldwide.”

The Japanese language edition of the Journal is edited from the paper’s Tokyo bureau and carries a mix of local stories and articles translated from the U.S. version.

Former Bloomberg LP Chief Executive Joins Dow Jones as CEO

Lex Fenwick, the former head of Bloomberg LP, has been named the new CEO of Dow Jones & Company. Fenwick succeeds Les Hinton, who stepped down last summer as the phone hacking scandal heated up. According to the New York Times, Fenwick had been with Bloomberg since 1987, and most recently lead Bloomberg Ventures.

Rupert Murdoch said in a statement that Fenwick was the right man to guide the company as the digital realm becomes increasingly important. Robert Thomson, Editor-in-Chief of Dow Jones and Managing Editor of The Wall Street Journal, echoed those feelings in an email to the Times.

“[Fenwick] has a genuine feel for the character of contemporary content and its value, and this instinct and insight and drive will be the stuff of our future prosperity,” wrote Thomson.