Under the restructure, president Todd Larsen wrote, five separate business groups will each operate with a clear profit and loss approach:
- - The Wall Street Journal in print
- - The Wall Street Journal Digital Network
- - Dow Jones Financial Markets, which includes Newswires and products for financial professionals
- - Dow Jones Corporate Markets, which includes Factiva
- - Dow Jones Indexes.
Kelly Leach, previously vice president for business management at the WSJ, has been promoted to general manager. Gordon McLeod will stay on as president of the WSJ Digital Network, which includes the WSJ online as well as MarketWatch and other digital products.
"I know some questions about the structure remain unanswered," Larsen wrote, "but we will have everything resolved soon."
Questions remain indeed. The Wall Street Journal went through a process of newsroom integration in 2008. This brought the online and print staff together, and established a news hub so that the senior editors of print, online, Newswires and MarketWatch could sit together and co-ordinate news throughout the day. Now that these operations are part of separate business groups, how will the newsroom be affected? Will staff still be working side-by-side for different companies? What will change, if anything? It's not yet clear.