Dow Jones creates new publishing unit

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Dow Jones. (AP Photo/Kathy Willens)
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Dow Jones, the financial news and information company within News Corp. responsible for The Wall Street Journal, has created a new publishing unit.

Dow Jones Media Group will include existing brands like the magazine Barron's and the websites MarketWatch and Mansion Global. It will also explore the launch of new products, "assume an increased role in video and will lead on collaboration projects with News Corp.," according to an internal memo from Dow Jones CEO Will Lewis.

The Wall Street Journal will not be included in the media group, reflecting a move to provide "autonomy," as Lewis put it, for the other publications.

Dow Jones Media Group will be headed up by Almar Latour, a high-ranking figure in the Journal newsroom who will leave his post as the paper's executive editor to become the new group's publisher.

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Lewis announced other changes in his memo, including additional appointments within other segments of Dow Jones, "renewed and dedicated focus" on the Journal and a weekly meeting of the Dow Jones executive leadership team.