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‘WSJ’ launches revamped sites for Europe and Asia

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New York—The Wall Street Journal, Monday launched expanded Web sites for Europe and Asia and debuted a new regional home page for India. HSBC Private Bank is the exclusive launch sponsor of the Europe and Asia sites.

The Journal also announced that the WSJ.com mobile reader is now available in Europe and Asia.

Separately, Dow Jones & Co., publisher of the Journal, announced Friday that it has made more than $100 million in annual operating cost reductions since News Corp. acquired the company in December 2007. Last Thursday,The Wall Street Journal said in an internal memo that it had cut 14 editorial positions.

In the memo, the newspaper’s managing editor, Robert Thomson, blamed a “precipitous decline in print advertising revenue” for the move.

“At the Journal, we are closing the New York-based Fashion and Retail group, though we will maintain coverage and reassign some editors and reporters to other bureaus,” Thomson wrote. “Other groups losing a position include the Los Angeles and Boston bureaus, the New York-based Law, Health and Real Estate groups, and the Library.” Thomson said there were no plans for job cuts at Dow Jones Newswires.

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