WSJ to revamp Money and Investing, Greater New York sections
More changes are coming to The Wall Street Journal, including overhauls of two print sections and a new product launch in the UK.
Editor in chief Gerard Baker told employees Monday that the Journal will be "comprehensively overhauling our Money and Investing section – for digital and print – with faster and more lively real-time commentary on global markets and deeper analysis of the powerful trends moving the world of business and finance."
The Journal's metro section, Greater New York, is likewise getting a revamp that will include "a broader range of news and features" later this fall, he said.
Meanwhile, the Journal is "developing plans to launch a new digital product in London for the large and vibrant financial market community there," according to Baker, who outlined the new initiatives in a wide-ranging internal memo, obtained by POLITICO, about the sate of the Journal.
These initiatives dovetail with a slew of other recent developments that Baker also touched on in his note to staff, including the launch of expanded print editions in Europe and Asia; a specialized subscription service called WSJ Pro targeting professionals in a range of specific coverage areas; a digest-style smartphone app; a presence on the forthcoming Apple News product; and an expansion of events and conferences.
Like all newspapers, the Journal is struggling with diminished print advertising revenues as a result of readers and advertisers migrating to digital. It recently completed an exercise to get costs in order across its newsroom by eliminating jobs and operations that were no longer seen as essential to its core mission while creating new positions and products in the various areas covered in Baker's memo.