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The Wall Street Journal's highly anticipated Bay Area edition launches tomorrow with coverage of local news folded into the A-section of the paper every Thursday. The corresponding site WSJ.com/SF will aggregate content from other Dow Jones sites and blogs related to the region.

The commitment to new turf comes less than a week after the Journal closed its Boston bureau, and less than three weeks after The New York Times rolled out its Bay edition. Aspects of the Times edition, and corresponding blog are well covered by our sister blog Baynewser.

Some may remember that the Journal published six regional editions for a number of years in the 90s to cover Texas, California, the Pacific Northwest, Florida, New England and the Southeast. All were shuttered in the fall of 2000 as reverberations were being felt in the ad market after the big stock market plummet of the spring. The new Bay area edition, like the California edition of a decade ago create a new revenue stream by offering ad space to local advertisers interested in reaching the readership, at a fraction of the national rate.

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LA-based agency Sitrick And Company is being acquired by consulting firm Resources Connection Inc., reports The Wall Street Journal. Sitrick is known for their crisis work, including "the Archdiocese of Los Angeles during a sexual-abuse lawsuit and Paris Hilton following her release from a brief jail stint," says the Journal's Michael Corkery.

Resources Connection Inc. believes the deal will make them even more appealing to companies facing restructuring or bankruptcy, by having PR services in house.

At 11:26 AM this morning, Wall Street Journal Editor Robert Thomson sent an email notifying staff that the Boston bureau will close, and nine reporters will lose their jobs. Two minutes later it was blasted to an undisclosed list of media reporters.

Coverage mutual fund companies headquartered there (including behemoth Fidelity and others) will be picked up by Money & Investing in New York. The large swath that is the education beat will also be picked up by reporters in New York.

Full text of the memo is after the jump:

continued...

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