New York—Dow Jones & Co. announced last week the cutting of 97 positions in its electronic publishing business, two days after it completed its $528 million acquisition of MarketWatch. "MarketWatch From Dow Jones" will operate side by side with wsj.com, The Wall Street Journal’s Web site. MarketWatch Chairman-COO Larry Kramer will serve as a consultant to Dow Jones to support postmerger integration efforts and new-product development projects. Dow Jones said Dave Callaway will continue as editor in chief of MarketWatch. Bill Grueskin will remain managing editor of the Wall Street Journal Online, and also will take on editorial responsibility for The Wall Street Journal vertical sites.