The news came a little more than a month after Rupert Murdochâs News Corp. officially acquired Dow Jones & Co., which publishes the Journal, for $5.6 billion.
A move to News Corp.âs midtown offices would put the Journal in close proximity to some of Murdochâs other media assets, including Fox News Channel and the New York Post.
The planned sports section, which would most likely be folded into âPersonal Journal,â would open the Journal to additional consumer advertising. It would also support Murdochâs statements that he wants to make the Journal newsier.
Last Thursday, Murdoch said a significant portion of the content on WSJ.com, the Journalâs Web site, will remain accessible only to the siteâs paid subscribers. Murdoch made his comments at the World Economic Forum in Davos, Switzerland, in response to a question.
In other news, the Journal on Monday named Tina Gaudoin editor of Pursuits, the newspaperâs new lifestyle publication, which will debut Sept. 6. Gaudoin is editor of The Times Luxx, which is also published by News Corp. Tomaso Capuano, Times of London art director, will work with Gaudoin to develop the design of the magazine.