Wall Street Journal to cut 2 dozen newsroom jobs

NEW YORK: The Wall Street Journal, one of the last major US daily newspapers to avoid deep cuts to its news gathering operations amid a historic industry downturn, is trimming about two dozen newsroom jobs.

Robert Christie, a spokesman for the newspaper’s parent company, Dow Jones & Co, said the Journal will make cuts to both its reporting and editing staff through a combination of layoffs and buyouts as well as eliminating open positions.

In a memo to staff, Journal managing editor Robert Thomson said the newsroom has already lost 11 reporters through attrition, but 14 more jobs will be eliminated in a new restructuring effort.

Thomson said the paper’s New York-based fashion and retail group will be shuttered, with some reporters and editors shifted to other bureaus.

The Los Angeles and Boston bureaus will each lose a job as well as the law, health and real estate groups in New York.

Thomson said there will be no cuts at Dow Jones Newswires.

"It is obvious to you all that we are in the midst of an unprecedented economic downturn," he said in the memo. "We are also in the midst of an unprecedented increase in our readership, in print and online, but a precipitous decline in print advertising revenue has forced a close examination of our structures and of our costs