OUTGOING DOW JONES BOSS SAYS FACTIVA FORMATION GAVE HIM MOST PRIDE
December 10th 2007 22:25
Rafat Ali’s PaidContent.com scooped most of the major media by securing a brief interview with Gordon Grovitz, the soon-to-be-ex publisher of The Wall Street Journal, executive vice president of Dow Jones & Company, and president of the company's consumer media group.
Grovitz, who began his career at Dow Jones in 1980 as a summer intern, quits next week and, not surprisingly, PaidContent said, “He didn't give away much in the interview.”He talked about Marketwatch and said that his view is that “Marketwatch and Wall Street Journal’s audience has been different.
He then added, “Among the achievements I am most proud of is the formation of Factiva.”
As for the future of the newspaper industry, Grovitz told PaidContent.org, “I remain fundamentally optimistic about strong news brands, whatever medium they're in. The challenge for newspapers is how to rethink newspapers for how readers now consume news in this digital age. Also, how do they make the transition in advertising so that they remain profitable businesses, so that they can retain the journalism, which is the core value that they deliver. I think we will see more and more experimentation from traditional media companies with different business models.”
- DIsclosure: This item is from MediaBlab news service by Peter Olszewski which supplies media news to Factiva
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