Wall Street Journal shutters Boston office
Posted by Lisette García on October 30, 2009 at 10:00 AM
The Wall Street Journal yesterday advised the nine employees staffing its Boston office that, henceforth, the former heart of the financial newspaper's mutual fund coverage would be absorbed by its New York bureau, Mutual Fund Wire reported yesterday.
By way of explanation, Managing Editor Robert Thomson said the newspaper remains "in the midst of a profound downturn in advertising revenue," The Associated Press yesterday reported.
By way of explanation, Managing Editor Robert Thomson said the newspaper remains "in the midst of a profound downturn in advertising revenue," The Associated Press yesterday reported.
News Corp., which owns the Journal, did not announce plans to close the Boston offices of Dow Jones Newswires and MarketWatch, Reuters reported yesterday.
Plans to close the Journal's Boston bureau followed Tuesday's announcement that the Journal would stop selling a London edition and focus instead on launching a redesigned product for all of Europe in mid-November, The New York Times reported Tuesday.
These layoffs bring the year's total to 23. The first round of cuts, reported in February by Business Insider, seemed equally focused on expanding its wire services even as the newsroom shrinks.
Plans to close the Journal's Boston bureau followed Tuesday's announcement that the Journal would stop selling a London edition and focus instead on launching a redesigned product for all of Europe in mid-November, The New York Times reported Tuesday.
These layoffs bring the year's total to 23. The first round of cuts, reported in February by Business Insider, seemed equally focused on expanding its wire services even as the newsroom shrinks.
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