But he is getting a column in the Journal, for what that's worth.
Pondering the Info Age
"I am fortunate to have had a diverse career at The Wall Street Journal and Dow Jones, over the course of 25 years, and look forward to continuing my affiliation by contributing a column to the Journal on the Information Age," he wrote in a memo to staff this morning. "I am even more fortunate to have had the chance to work with literally thousands of you as colleagues. There is no stronger team in publishing, and I wish you and your new News Corp. colleagues all the best as this next chapter begins."
Mr. Crovitz will follow Richard Zannino, Dow Jones CEO, out of the management suite. Mr. Zannino said yesterday that he will leave once the acquisition is complete; he is being succeeded by Les Hinton. Mr. Hinton has been executive chairman at News International since 1995 and previously was CEO of News America Publishing, the News Corp. division that houses the New York Post.
Mr. Crovitz was named publisher in February 2006 was named publisher in a move that unified print and online operations under a publisher for the first time at the Journal. In his time, the paper underwent a major redesign and rethinking; increased color capacity for advertisers; created ad positions, including some on the front page; and delivered profits this year, after losing money in 2005.
Like his predecessor did, Mr. Thomson will assume a publishing post with larger responsibilities than ever: His title will be publisher not just of the Journal but also Dow Jones.