FALL 2013
ADVISER UPDATE
PAGE 7A
What the sale of major publications and the
downsizing of a digital start-up tell us about the news
Survival rules emerging
By Richard J. Levine
DJNF PRESIDENT’S PERSPECTIVE
I
spawned an outpouring of speculation about what motivated
Bezos to buy the Post and what
he would do to fix it and, by extension, an ailing newspaper industry
that The Wall Street Journal
described as “desperately in need
of a makeover.” In his first statement, he limited himself to broad
support of the Post’s journalistic
independence and values and
offered only a few hints as to how
he would proceed. He said:
Richard J. Levine
is president of the board of
directors of the Dow Jones News
Fund Inc. In five decades with
Dow Jones & Co., he has served
as vice president for news and
staff development, executive
editor of Dow Jones Newswires,
vice president of information
services, editorial director
of electronic publishing and
Washington correspondent and
columnist for The Wall Street
Journal. He holds a B.S. from
Cornell University and an M.S.
from the Columbia University
Graduate School of Journalism.
He can be reached at richard.
[email protected].
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Armstrong, a co-founder of Patch,
made plans to close 150 of 900
websites and look for partners
for another 150. The jobs of 500
of Patch’s 1,100 staffers could
be eliminated, a major blow to
a news organization that has
emerged as a major employer of
journalists in recent years.
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