Wall Street Journal Newspaper

Marcus Brauchli is quitting as managing editor of the Wall Street Journal after less than a year on the job, a person familiar with the matter said late Monday. Brauchli's departure, first reported on Time magazine's website, comes four months after the Journal's parent company, Dow Jones & Co., was acquired by Rupert Murdoch's media conglomerate, News Corp.

Wall Street Journal publisher Gordon Crovitz will resign after News Corp.'s acquisition of Dow Jones & Co. is complete, the companies said. Crovitz, who is also executive vice president of Dow Jones and president of its consumer media group, will write a column for the Journal after he departs.

One of two Democrats on the Federal Communications Commission called Thursday for the agency to review News Corp.'s pending deal to acquire Dow Jones & Co.

new york -- Media mogul Rupert Murdoch said Tuesday that he was leaning toward dropping the online subscription fee for the Wall Street Journal in a gamble to increase visitor traffic and website advertising revenue.

Rupert Murdoch doesn't yet own the Wall Street Journal, but he's already flexing his muscles. In the last two weeks, the chairman of News Corp. has called at least three reporters who were considering leaving the top financial publication and asked them to stay, people familiar with the calls said Thursday.

If the Gray Lady didn't have enough problems battling industrywide woes, now she has Rupert Murdoch to worry about. The media billionaire has made no secret of his desire to take aim at the New York Times once his News Corp.

Rupert Murdoch said he planned to sell Dow Jones & Co.'s smaller newspapers and hire more staff to bolster the Wall Street Journal's presence, especially in Europe and Asia.

washington -- Federal rules try to limit media power by prohibiting a company from owning a newspaper and a TV station in the same city. Billionaire Rupert Murdoch's News Corp.