WSJ, Dow Jones to 'restructure'

Apparently, the Wall Street Journal and Dow Jones Newswires are set to undergo "a limited restructuring" effort that will result in the creation of new positions and the elimination of others through buyouts.

"The animating idea behind integration has always been a cohesive news organization, one that eliminates duplication and better deploys our joint reporting and editing resources to areas of coverage where we can have most impact," Gerard Baker, the Editor-in-Chief of Dow Jones and Managing Editor of The Wall Street Journal, wrote. "This week, we will begin putting more editorial heft behind this strategy... We will post at least a dozen new positions immediately, and more jobs will be posted in weeks and months to come. At the same time, and in the process of integrating our resources, we will be undertaking a limited restructuring around the world that will result in some consolidation of positions. And as the end of the fiscal year approaches, as is usual practice, some of our colleagues are taking buyout packages."