Wall Street Journal | The New York Observer

Sun's Seeley to Head New, New York–Centric Section at WSJ

Tue, 03 Nov 2009 19:45:22 -0500

Earlier this year, The Wall Street Journal drafted plans for a New York–only culture section. It didn’t take long for that project to be shelved, and Rupert Murdoch’s Journal decided to take on the city itself—with a New York–only news section that will cover everything you’d expect from a local newspaper: politics, news, sports and, yes, culture.

“They want to do everything,” said one source familiar with the project.

Inside sources...

Wall Street Journal on the Line

Wed, 15 Jul 2009 12:16:06 -0400

On Monday, according to The Wall Street Journal, Barry Sternlicht told investors in his Starwood Capital Group who’d dialed into a teleconference: “We’re bidding on a bank.”

The report cited “people familiar with the matter” as identifying the unnamed bank as Corus Bankshares Inc., but Journal reporters Lingling Wei and Nick Timiraos also quoted from the call without any attribution, or information about where their notes on the call came...

Summer Bummer! Zooey's a No-Show at WSJ Culture Event

Tue, 14 Jul 2009 19:09:39 -0400

In keeping with her fickle, heartbreaking character in the new film (500) Days of Summer, Zooey Deschanel bailed on a date with The Wall Street Journal Monday night. Ms. Deschanel was scheduled to headline a screening and Q&A at the AMC Lincoln Square, as part of The Journal’s inaugural “Summer Scoops Live” series, but just before the film began, culture editor Christopher Farley announced to the sold-out theater that the...

Obama's Dusk, Obama's Morning

Tue, 14 Jul 2009 06:43:00 -0400

High unemployment is the domestic equivalent of an unpopular war--an overpowering drain on presidential popularity that can’t be countered with policy achievements in other areas, personal charm, or any other conventional political weapon. Barack Obama may soon offer the latest affirmation of this. A few weeks ago came news that the unemployment rate for June had climbed to 9.5 percent—a slight uptick that silenced wishful suggestions that the economy had bottomed out and that...

Wall Street Journal Develops New York–Specific Culture Section

Tue, 07 Jul 2009 20:06:49 -0400

Eighteen months ago, at the Marriott Hotel on West Street in the Financial District, Rupert Murdoch had his first meeting as owner of The Wall Street Journal with the newspaper’s bureau chiefs and senior editors.

Over dinner and cocktails, Mr. Murdoch started beating a drum about things he wanted to add to The Wall Street Journal—a snappier front page, an expanded Web site, a sports section and a beefed-up culture...

Did Dolly Lenz Do $522,473,436 Last Year? Maybe So, But Serena Boardman Is No. 1 [Updated]

Wed, 24 Jun 2009 12:58:35 -0400

Is Dolly Lenz, the only broker in the world with her own BlackBerry commercial, the single biggest real estate agent in the nation? Or is the quieter 39-year-old Serena Boardman?

Ms. Boardman, a Sotheby's senior vice president, takes the top spot in the annual list of the nation's top brokers that a group called Real Trends publishes in The Wall Street Journal. Ms. Boardman, whom other agents seem to actually like, which is rare, sold...

At Portfolio, Prehistory Was Prologue

Tue, 28 Apr 2009 20:22:45 -0400

It turned out to be a dreary, rainy day back in 2005 when Joanne Lipman, the superstar editor from The Wall Street Journal, made her way to answer a summons to lunch at Si Newhouse's apartment on the East Side of Manhattan.

A personal invitation from the venerable chairman of Condé Nast was unheard of in Ms. Lipman's world; she was excited.

When she got to his apartment, which is within spitting distance of the United...

Doubleday Will Publish New Dan Brown on Sept. 15 With Initial Print Run of 5 Million Copies

Mon, 20 Apr 2009 11:35:44 -0400

After years of painful waiting, Doubleday finally has Dan Brown's follow-up to mega-best-seller The Da Vinci Code and has announced plans to publish it on September 15. The book, titled The Lost Symbol (not The Solomon's Key, as it was originally called), will have an initial print run of five million, which according to the press release is the largest print run Random House has ever ordered.

According to a January 2008 article from The...

'Los Angeles Times' Plans Revamp of 'Company Town' Blog; Joe Flint To Anchor More Muscular Site

Fri, 17 Apr 2009 16:11:10 -0400

Starting on Monday, The Los Angeles Times will be throwing itself into the already crowded online Hollywood news and rumor business with a revamped version of its Company Town blog. Former Wall Street Journal reporter Joe Flint (who most recently was director of industry programs at the Paley Center's Media Council) will be joining the paper to anchor a more aggressive version of the 6-month-old blog.

According to Times Assistant Managing Editor Sallie...

Edward Felsenthal on Life at The Daily Beast: 'It's Exhausting'

Thu, 02 Apr 2009 16:43:14 -0400

"In my most exhausted moments, I think about the story on the front page of The New York Times about bloggers having heart attacks," said Edward Felsenthal, executive editor of the Daily Beast, said at at the PSFK Conference at the Museum of Jewish Heritage in Battery Park today. By way of explaining the frenetic pace of editing a Web site, he told the crowd one of the "office jokes" exchanged over IM among...

Bear Stearns Book Battle: House of Cards Author Cohan Quotes ex-CEO Cayne Ranting Against WSJ Reporter Kate Kelly

Mon, 16 Mar 2009 12:48:54 -0400

Wall Street Journal reporter Kate Kelly didn’t know what to expect the week before last when she opened her advance copy of House of Cards, the new book by William D. Cohan on the downfall of Bear Stearns. Would it be great or awful? A clip job or a robust work of original reporting? Ms. Kelly was particularly interested because she was writing her own book on Bear's collapse, due out in June from the Portfolio...

Bernie Madoff Pleads Guilty; Heads Off to Prison

Thu, 12 Mar 2009 12:04:33 -0400

As you probably already know, Bernard Madoff is heading to jail.

The New York Times' Diana B. Henriques and Jack Healy report that Mr. Madoff pleaded guilty to Judge Denny Chin this morning at United States District Court in Manhattan. Taking "breaking news" to new heights, The Wall Street Journal and its News Corp. sister channel, Fox Business, is streaming live video from outside the courthouse. The New York Daily News—whose owner, Mort Zuckerman lost...

Update: White Powder Sent to Wall Street Journal 'Probably Flour'

Thu, 22 Jan 2009 11:08:00 -0500

Shira Ovide has a follow-up report on yesterday's news that multiple envelopes containing white powder were sent to The Wall Street Journal's executives.

Apparently, the powder was non-hazardous, "probably flour or a food-based substance, police officials said, citing preliminary tests."

Ms. Ovide says the F.B.I. will still investigate the mailings since there may be a connection to a similar powder-filled card sent to attorney and Harvard Law professor Alan Dershowitz:

Mr. Dershowitz received...

Report: Multiple Envelopes Containing White Powder Sent to Wall Street Journal Executives; Editorial-Page Staff Evacuated

Wed, 21 Jan 2009 13:41:10 -0500

The Wall Street Journal's Shira Ovide is reporting that the paper "received more than a dozen envelopes containing an unknown white powder" today.

According to Ms. Ovide, the letters were addressed to executives at the paper's New York offices and the floor where executives and the editorial-page staff work has been evacuated.

In 2001, several media organizations including The New York Post, which, like The Wall Street Journal, is owned...

Hey, Hirschorn: Times May Save Itself With the Help of Slim Helú

Mon, 19 Jan 2009 11:12:26 -0500

Two weeks ago The Atlantic's Michael Hirschorn crunched some numbers and determined that the New York Times Company might be in such bad shape it could be forced to cease printing The New York Times "like, this May."

Mr. Hirschorn's essay resulted in much hand-wringing in Medialand: Portfolio's Felix Salmon re-checked Mr. Hirschorn's numbers; The Times' SVP of corporate communications Catherine Mathis sent The Atlantic a point-by-point rebuttal, which Mr. Hirschorn responded to;...

Survey: Women Prefer the Internet Over Sex?

Fri, 12 Dec 2008 09:16:56 -0500

A new Intel survey reports that women would rather Tumblr than take a tumble in bed. An online survey of more than 2,000 users last month found that almost half of the women (46 percent) would rather go without sex for two weeks than give up the Internet for that long.

Only 30 percent of the guys surveyed would make the same choice.

The Wall Street Journal (via Silicon Alley Insider) reports that Intel...

Yahoo!'s Jerry Yang Steps Down as C.E.O.

Tue, 18 Nov 2008 07:44:14 -0500

Last night, purple-pushing internet company Yahoo! announced that co-founder and C.E.O. Jerry Yang would be stepping down from his management role, which he's had since June 2007. Mr. Yang will continue to sit on the company's board and take back his old title (we kid you not): Chief Yahoo!.

Jessica E. Vascellaro of The Wall Street Journal framed it as follows:

Yahoo Inc. co-founder and Chief Executive Jerry Yang will step down after the...

Report: S.E.C. Charging Mark Cuban With Insider Trading

Mon, 17 Nov 2008 12:21:15 -0500

Kara Scannell of The Wall Street Journal is reporting that the Securities and Exchange Commission has filed charges on insider trading against Mark Cuban, owner of the Dallas Mavericks and founder of HDNet, which is home to Dan Rather.

According to Ms. Scannell's report:

The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private...

Wall Street Journal Taps Gerard Baker as Deputy Editor-in-Chief

Wed, 12 Nov 2008 11:05:50 -0500

Jim Romenesko has a memo announcing the appointment of Gerard Baker as the new Deputy Editor-in-Chief of The Wall Street Journal.

In the memo, sent by Robert Thomson, Mr. Baker is described as having "had a distinguished career as a journalist at the BBC, Financial Times and The Times of London. He has reported on subjects as diverse as the exotica of Japanese politics, the minutiae of monetary policy, and the frailties of...

A Year Later, Wall Street Journal Finalizes Partnership With Its Corporate Cousin HarperCollins

Mon, 10 Nov 2008 10:13:34 -0500

More than a year after Collins publisher Steve Ross and his boss at HarperCollins met with representatives from The Wall Street Journal to discuss the possibility of a partnership, the ink is finally dry. The first book The Journal will publish through Collins, The Wall Street Journal Guide to the End of Wall Street As We Know It: What You Need to Know About the Greatest Financial Crisis of Our Time—And How to Survive...

Why Does Today's Hilary Swank Condo News Sound So Familiar?

Fri, 24 Oct 2008 11:27:59 -0400

Now that New York real estate is painfully slowing down, are real estate developers going to start leaking--maybe the word is re-leaking--year-old celebrity apartment news? Consider the second item in today's Wall Street Journal Private Properties column: "In New York City, Oscar-winning actress Hilary Swank is in contract to pay $3.5 million for a two-bedroom apartment at the Superior Ink condominium building, a West Village development that's still under construction."

It sounds familiar. Almost exactly...

WSJ Circ Preview: The Soft Pride of Low Expectations

Tue, 21 Oct 2008 16:29:44 -0400

In early September when Robert Thomson and Tina Gaudoin revealed The Wall Street Journal's luxury insert WSJ. at a lavish breakfast for reporters at the Morgan Library, Mr. Thomson, the paper's managing editor and editor in chief of Dow Jones & Company boasted:

'The eschatological angst that characterizes much of the newspaper industry does not define Dow Jones. You'll see when the next round of circulation figures are released just how robust, how rosy our...

Advice for Canned Wall Street Masses: Learn to Drill, Baby!

Wed, 15 Oct 2008 11:48:33 -0400

Time to start updating your resume if you work on Wall Street, as major job cuts are likely to hit New York’s financial and insurance sectors in thecoming months, according to the Wall Street Journal. The state’s finance and insurance employment numbers have hovered close to 345,000 through August of this year, showing little change in spite of the ongoing meltdown in the financial markets.

But major job cuts loom: Global investment-banking...

Journal Asks: 'Is Bling Over?'; If So, What About WSJ.?

Fri, 10 Oct 2008 12:17:26 -0400

The Wall Street Journal's Christina Binkley asked yesterday: Is Bling Over? Are the super rich—the ones who own yachts, and lots and lots of houses—about to start scaling back?

Maybe! Some are actually losing a ton of money, so it makes sense to do something like, shudder, sell the yacht. And the ones who aren't affected by the crash don't want to embarrass their friends and start buying a lot more stuff. "It's not...

Thomson Muses on Name Change for Journal

Wed, 24 Sep 2008 13:28:12 -0400

At the World Business Forum on Tuesday, Robert Thomson said that since Wall Street is collapsing maybe it would be better for his newspaper if they changed the name. Reports RTT News:

Thomson also joked about the current financial crisis. He said that with, what he called, the "demise of Wall Street model," prehaps they should change the name of his paper to "just the Journal."...

Meet the Times' Newest Investor, Carlos Slim Helú

Thu, 11 Sep 2008 12:58:55 -0400

So Carlos Slim Helú, the richest man in Mexico and one of the richest in the world, has purchased a 6.4 percent stake in Times Company. Richard Pérez-Peña reports: "[Times Company] stock closed on Wednesday at $13.96 a share, down 4 cents, giving the Slim family’s 9.1 million shares, a value of $127 million."

David Luhnow wrote a wonderfully detailed portrait of Slim Helú in August 2007 for The Wall Street Journal, and we learned...

Robert Thomson and Tina Gaudoin Unveil WSJ.

Wed, 03 Sep 2008 11:40:51 -0400

"I think that's the point at which you're all meant to clap."

Tina Gaudoin, editor in chief of WSJ., stood on stage at the Morgan Library on East 36th this morning. She had just presented the first issue of The Wall Street Journal's luxury insert, which debuts in this Saturday's edition of the paper.

The assembled crowd of journalists could be forgiven for not applauding as the cover and several pages of...

Outrage: Two Minutes on NBC Nightly News For Fit Mouse

Fri, 01 Aug 2008 14:18:24 -0400

With help from Romenesko, we now know that Gary Schwitzer at the University of Minnesota health news blog is shocked—shocked!—that NBC gave up so much time to the mouse-pill story. (A recap: A lazy mouse took two pills and showed increased endurance and fitness without doing any exercise.)

"It devoted more than 2 minutes out of its total of 22 minutes or so of news time to this story. We are at war. The...

Those 95 New Hires for Dow Jones Aren't Going to The Journal

Fri, 25 Jul 2008 17:19:38 -0400

In the memo in which Dow Jones editor in chief Robert Thomson announced there would be job cuts at The Journal, he also said: "Our new budget includes an ambitious expansion of our web and international operations, both for the Journal and for Newswires, where we are adding 95 journalists over coming months."

So where exactly are those 95 people going? Not to The Wall Street Journal.

A spokesman for The Journal, Bob Christie, told Media...

Wall Street Journal: 'The goal is fewer editors, more reporters'

Fri, 25 Jul 2008 12:46:43 -0400

A story in the North Brunswick Sentinel has some valuable updates on the job cuts that are going down at The Wall Street Journal.

Bob Christie, spokesman for The Journal, tells the Sentinel that The Journal will cut 39 jobs from its South Brunswick office, and relocate 11 people to the paper's office in Manhattan (so the '50' number we were all using is a bit off). The 39 who are getting the ax will...

So Much for the 'Nader Effect'

Thu, 24 Jul 2008 22:38:33 -0400

It’s the summer of a presidential election year, which means it’s time to renew, for the fourth time since 1996, our quadrennial discussion of the hugely consequential role that Ralph Nader is poised to play in November.

The aging consumer advocate, in case you’ve forgotten or didn’t know in the first place, announced his candidacy on Meet the Press over the winter and, besides scoring some headlines in June when an indicted referee lent some...

Lineup for July 23, 2008

Wed, 23 Jul 2008 07:58:34 -0400

What will become of 37-year-old NBC News correspondent David Gregory, wonders Felix Gillette, since "lame-duck presidents create lame-duck White House correspondents."

John Koblin looks at the new advertiser-friendly glossies on the horizon—WSJ from The Wall Street Journal, FW from The Washington Post, Manhattan and others—and notes, "the traditional, cozily amorphous job of the editor—rumpled visionary, bold procurer, acid social critic, lover of words!—is starting to look very different. Sort of...crisper... As envisioned by...

Black and White, Red All Over: Is 2008 the Worst Year in Modern Newspaper History?

Mon, 21 Jul 2008 08:08:19 -0400

On Wednesday morning at 11 a.m., Arthur Sulzberger and Janet Robinson will be managing a conference call that, from the looks of it, won't be much fun. They'll be reporting The New York Times Company's second-quarter earnings. Last time they did one of quarterly earnings calls, The Times reported big losses; there was a plan to cut 100 newsroom jobs, some through straight-up layoffs rather than superannuation and...

Times vs. Journal Digital Battle Royale! Landman Says WSJ Has Done 'Nothing' With Its Web Site

Fri, 18 Jul 2008 16:43:43 -0400

It's a late, sleepy summer Friday, but New York Times online editor Jon Landman has some choice words for Rupert Murdoch, Robert Thomson and The Wall Street Journal's online editor, Alan Murray, this afternoon.

Well, technically speaking, he doesn't name any of those people in his weekly memo, or the paper itself, but in his weekly briefing designed to discuss accomplishments for nytimes.com, he comes out swinging! Namely, he says wsj.com has accomplished nothing!...

Meet The Five Men Who Run the New Wall Street Journal

Wed, 16 Jul 2008 18:31:54 -0400

Deputy managing editor Jim Pensiero of The Wall Street Journal just sent an e-mail out to the enitre staff announcing, or clarifying, the roles of everyone on the new masthead of the newspaper working below Robert Thomson, whose title of managing editor is the traditional Journal title for the person on top of the pile.

There are four of them besides Mr. Thomson: Nik Deogun, Mike Miller, Matt Murray Mike Williams.

From the e-mail:

Senior...

The Wall Street Journal Cuts 50 Jobs, Closes South Brunswick Office

Wed, 16 Jul 2008 15:40:54 -0400

The Wall Street Journal announced this afternoon it will close down most of its editorial operations in South Brunswick, which will mean the elimination of about 50 jobs. In addition, the newly created "news hub" for The Journal in New York will be responsible for editing all content at The Journal--whether it's in the paper, online or in mobile.

In a memo, managing editor Robert Thomson writes, "I realize that this reorganization will be a...

The Newspaper Industry's Terrible, Horrible, No Good, Very Bad Day Continues

Tue, 15 Jul 2008 10:33:33 -0400

As you may already know, yesterday was a dark day for the newspaper industry: Layoffs at The Los Angeles Times; buyouts at The Wall Street Journal; the departure of The Chicago Times' editor-in-chief; The New York Times' stock price dipped to a decade-low as shares of McClatchy, Gannett, and News, Corporation also took hits.

Today, the hits just keep on coming. Some lowlights:

Los Angeles Times publisher David Hiller resigns after...

Another Hideous Day for Newspapers

Mon, 14 Jul 2008 16:23:29 -0400

When some future historian writes the book about how newspapers went the way of the steel industry (if there are books in the future, of course), today could be the lede:

The Los Angeles Times notified 150 newsroom staffers that they're getting fired today, months after they already cut dozens of jobs; the paper's publisher "stepped down," and will be replaced on an interim basis by Randy Michaels, a man with a career in radio.The...

Maybe Obama Needs the Big-Money Dems After All

Fri, 11 Jul 2008 11:39:17 -0400

Donors to Barack Obama expect his campaign to raise just over $30 million in June, according to The Wall Street Journal.

Even if that estimate is a tactial lowball, the number is well below the astronomical figures reported during the primary. And when contrasted with the $22 million June haul the McCain campaign reported yesterday, and the additional $95 million McCain campaign aides hope to raise by the end of the summer through the RNC...

WSJ's Walt Mossberg Joins Fox Business Network; The Inexorable Roll Continues?

Wed, 09 Jul 2008 14:22:42 -0400

Brian Stelter reports in The Times today that The Journal's personal tech columnist Walt Mossberg will join up with the Fox Business Network as a contributor.

But the whole deal is a tricky one. The Journal still has an agreement with CNBC that runs through 2012, and it's a contract that might prevent Journalists from appearing too regularly on FBN.

A 15-year contract that extends until 2012 between CNBC, the dominant business channel, and The Journal prevents...

Lineup for June 25, 2008

Wed, 25 Jun 2008 09:22:49 -0400

John Koblin does a post-Murdoch Wall Street Journal roll call of all those writers and editors who've left and says, "it’s fair to say The Journal hasn’t experienced anything quite like this, well, ever." Plus: The Los Angeles Times' Patrick Goldstein launches a blog.

Felix Gillette wonders who will be replacing Tim Russert as NBC's Washington D.C. Bureau Chief. Whoever fills that role "must continuously grapple with producers in New York to make...

13 Months After Murdoch: The Journal Diaspora

Tue, 24 Jun 2008 19:06:45 -0400

Last week, The Wall Street Journal’s managing editor, Robert Thomson, announced sweeping masthead changes—new people have been added, some familiar names dumped.

Laurie Hays, former deputy managing editor, is off to Bloomberg; Bill Grueskin, another deputy managing editor, is packing away for Morningside Heights and semi-retirement at the journalism school at Columbia University.

Other people left, too. Earlier this month, The...

Robert Thomson Speaks!

Fri, 20 Jun 2008 14:52:51 -0400

This morning in a classroom at the CUNY School of Journalism, Robert Thomson gave his first public speech as managing editor of The Wall Street Journal at a kick-off event for a conference for South Asian Journalists Association.

In Mr. Thomson’s remarks, and in a question-and-answer session that followed, he said The Journal would most likely move to News Corp.’s headquarters next spring, wsj.com would be redesigned in the fall and that, yes, The...

Masthead Shake-Up at the The Wall Street Journal [Updated]

Thu, 19 Jun 2008 13:11:27 -0400

There's a big shake-up at The Wall Street Journal! There are new masthead additions, and revised roles for others.

Robert Thomson sent out a newsroom-wide memo this afternoon announcing that Mike Miller, currently a deputy managing editor at the paper, will become his No. 2. Thomson writes that he "will be responsible for editing the paper if I am otherwise engaged."

There are three new deputy managing editors. Nik Deogun, currently the Money & Investing...

Times Book Review Editor Reviews Wall Street Journal Business Plan

Wed, 18 Jun 2008 15:17:17 -0400

On Paper Cuts, The New York Times' book blog, Barry Gewen writes about Mark Bowden's recent Atlantic article about Rupert Murdoch's acquisition of The Wall Street Journal and his desire to kneecap the paper of record.

Mr. Gewen, you may recall, revealed the inner-workings of The Times Book Review at Harvard last year. Among his revelations: the names and roles of several NYTBR editors, how they choose what books to review, and some...

Bill Grueskin Leaves the Journal, Heads to Columbia J-School

Wed, 04 Jun 2008 11:45:43 -0400

Two weeks after Robert Thomson took over as editor of the Wall Street Journal, the first masthead editor is leaving the paper. Bill Grueskin, one of the paper's five deputy managing editors, is leaving the Journal behind for a job working directly under Nicholas Lemann at the Columbia Journalism School.

Sources at the paper said it was Mr. Grueskin who wanted to undergo an investigative piece to report why Marcus Brauchli suddenly resigned from...

Murdoch Says Journal Will Worry About Structure First, Then Find the Talent

Thu, 29 May 2008 16:49:24 -0400

Rupert Murdoch spoke at The D Conference this week, and laid out more non-specific but interesting plans for The Journal.

For months, it's been speculated that Murdoch cares more about figuring out the actual structure of the paper, and then he'll get down to the dirty business of assigning the right reporters to the right assignements, and signing a few superstars.

How else to explain the fact that the paper hasn't really picked up...

Journal Glossy, WSJ., Hires!

Thu, 29 May 2008 13:35:42 -0400

The Wall Street Journal is stocking up for its luxury glossy magazine, WSJ., and not surprisingly, it's importing talent from across the pond. There are several new hires, reports WWD's Irin Carmon: Welcome, Jeffrey Podolsky, the New York editor of Tatler and a regular contributor to Luxx, who has been named editor at large; and Sasha Wilkins, writer for British Harper's Bazaar and Elle, who will become executive style editor.

Two former...

Bear Stearns: The Mini-Series

Tue, 27 May 2008 11:47:19 -0400

If you have the chance, get in on the ground floor of the Wall Street Journal's three-part series on the collapse of Bear Stearns. The first part debuted this morning under the headline "Lost Opportunities Haunt Final Days of Bear Stearns."

The story has everything--egos clashing, a confrontation in the office gym, ominous phone calls, bridge tournaments, and, of course, real estate (at least tangentially):

By Sunday, Bear Stearns's sleek, black tower in midtown...

Wall Street Journal To Bunk with New York Post by Spring '09

Fri, 23 May 2008 16:42:44 -0400

Say goodbye to the Financial District, suckers!

The Media Mob's John Koblin links to a PaidContent report that Wall Street Journal and Dow Jones staffers will be working out of News Corp.'s Midtown headquarters at 1211 Avenue of the Americas by spring of 2009:

“At (the plan’s) heart is our wish to bring together the news operations ... making 1211 the hub of a global information-gathering operation. Uniting our two prime financial news organizations will...