Jeff Bercovici of Conde Nast Portfolio got in touch with Jane Cox MacElree, a Bancroft family member who controlled 15 percent of the Dow Jones & Co. stock and opposed the sale of The Wall Street Journal parent to Rupert Murdoch, and asked her about the departure of Journal ME Marcus Brauchli.
Bercovici writes, “‘How long did it last? A couple of months?’ asks MacElree.
“Asked whether other members of her family now regret their decision to sell, she demurs. ‘I’m not going to go there. I shouldn’t even talk to you.’
“‘It’s over and done with, and there’s no point in going on about it, in my opinion,’ she adds. ‘I just feel bad for Marcus.’”
Read more here. Robert MacMillan of Reuters, who worked briefly at The Journal, got a similar response when he talked to Bancroft family member Chris Bancroft. Read here.
Jossip wrote, “Throw digits on the cover and travelers rushing through the airport and moms browsing through Barnes & Noble are more likely to pick up your rag. Which explains why, in December, Fortune
In her new role,
Hau writes, “Although Brauchli lasted only 11 months in his post, his predecessor, Paul Steiger, had served as managing editor for 16 years. That could prompt some reporters to bolt, but don’t count on seeing a mass exodus. In this difficult media environment, where are they going to go?
Smith writes, “Tom Glocer, CEO of the merged company, has said that news and journalism would be an ‘integral’ part of the company’s future.
Koblin writes, “On a trip to the San Francisco bureau on April 16, the low-key but normally charismatic Mr. Brauchli looked dour, his face drawn. The questions thrown at him were tense: What’s going to happen to the ‘A-hed,’ those offbeat Page One stories about things like aging pets and farming neighbors? Was the paper to be front-loaded with general stories about San Francisco politics, or did they still want to hear every mouse click coming out of Cupertino? Does Rupert Murdoch care about Pulitzers?
Friedman writes, “Wired sees technology as encompassing every subject, which enables the monthly magazine to come up with original ideas in every issue. Even when it covers widely discussed topics, like autism for example, Wired manages to find something fresh to say.