Brauchli Exits 'Wall Street Journal"

Marcus Brauchli, the managing editor of The Wall Street Journal, is tendering his resignation from that position in a move that many Dow Jones employees feel symbolizes the end of an era. According to sources at Dow Jones cited by the Time magazine Web site late Monday, Brauchli will probably continue working at Dow Jones in some other capacity.

His departure after 24 years with Dow Jones follows the earlier resignations of well-known journalists like Henny Sender and James Bandler. In December Rich Zannino, the former CEO of Dow Jones, was replaced by Les Hinton, a veteran of Murdoch's News Corp. And Murdoch named another long-time News Corp. employee, Robert Thomson, as WSJ's new publisher.

While Brauchli's departure as managing editor is said to be amicable, many WSJ newsroom staff resisted the sale of Dow Jones to Murdoch by the Bancroft family, first proposed by Murdoch in May 2007. During the six months of negotiations the followed, reporters staged an unofficial "strike" by not showing up for work, and employees of the paper's Beijing bureau wrote an open letter urging the Dow Jones board not to sell the company to Murdoch, accusing him of meddling in the editorial operations of his other properties, including the Times of London. They feared that that a News Corp. takeover would spell an end to investigative reporting in China, which has won two Pulitzer Prizes in recent years.

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