Dow Jones Combines Consumer And Media Groups

Dow Jones & Co. said Monday it's combining its consumer and enterprise media businesses, its two biggest units.

The company, which is owned by News Corporation (NWS), said the move will put its major brands, such as The Wall Street Journal, Dow Jones Newswires, Barron's, Factiva and MarketWatch, into one business division.

(This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.)

Todd Larsen, currently the head of the consumer business, will become president of Dow Jones, overseeing the company's commercial operations. Stephen Daintith will add chief operating officer to his current duties as chief financial officer. He will be responsible for strategic guidance for the entire organization.

Clare Hart, who was president of the Enterprise Media Group, will be leaving the company.

The company's local media group, comprising daily and weekly community newspapers, will remain separate.

News Corp. owns Dow Jones & Co., publisher of this newswire, and The Wall Street Journal.

-By Michael Reid; 212-416-2177; Michael.Reid@dowjones.com

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