Media Meltdown: Wall Street Journal Cuts 50

The Wall Street Journal is eliminating 50 editorial positions as part of a realignment that combines editorial oversight for its print and online editions, Managing Editor Robert Thomson said Wednesday. The job cuts are primarily at the Journal's South Brunswick, N.J., offices, which the paper opened shortly after the Sept. 11, 2001, terrorist attacks near its headquarters on Wall Street. In June, Thomson began revamping the Journal's newsroom leadership structure to facilitate cooperation among print and online reporters and those at Dow Jones Newswires, the company's real-time financial news service.

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