News Corp to Cut Jobs, Shift Resources to Digital Media – Wall Street Journal

News Corp is carrying out a major reorganization at its Dow Jones news publishing unit that will involve substantial job cuts and shifting of resources into digital media efforts and core coverage areas.

In a memo to staff on Thursday, Gerard Baker, editor in chief of Dow Jones and The Wall Street Journal, said the purpose of the moves was a “full transformation of our newsroom with a bold but simple aim: to become the premier…

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