Dow Jones & Company has announced a restructuring of its Enterprise Media Group designed to improve its business in the financial, corporate and media, and government markets. The company has reorganized its management and consolidated its enterprise product lines into three business units: Dow Jones Indexes and Reprints, Dow Jones Financial Information Services, and Dow Jones Content Technology Solutions.
The new structure integrates three complementary businesses, Dow Jones Newswires, Dow Jones Licensing Services and Factiva, into a new unit, Dow Jones Content Technology Solutions. This unit will develop and offer content and technology solutions that allow professionals, from financial advisors and traders to information professionals to sales and marketing people, to use news and business information in ways that create opportunities and financial gain. Both Dow Jones Indexes and Reprints and Dow Jones Financial Information Services continue with the same structure and leadership but will collaborate with the leadership of the Dow Jones Content Technology Solutions unit on new products and services. The group will focus on developing ways to bring Dow Jones business news and financial information, other third-party content sources and client-specific content into the job-specific applications commonly used by professionals as part of their daily work routine. The new structure takes advantage of content and technology synergies and expands the opportunity to develop solutions that can deliver any type of content into any type of job-specific application. In addition to enhancing its current product lines, before the end of the year, the company will expand its Dow Jones Wealth Manager offerings and launch a more robust set of content-integration technologies designed to allow clients to integrate multiple content types into their applications.
The company has also announced several management changes as part of the new organizational structure. Clare Hart will continue to lead the Enterprise Media Group and will also be president of Content Technology Solutions. The following executives will report to Hart: Simon Alterman was appointed SVP, strategy and business development for the Group; Dennis Cahill was appointed SVP and chief product officer for the Group; Richard Hanks was named COO of the Enterprise Media Group, with overall responsibility for business management of the Group; Neal Lipschutz, SVP and managing editor, Dow Jones Newswires, will assume global responsibility for Dow Jones Newswires editorial; Mike Petronella continues in his role as president of Dow Jones Indexes and Reprints; Scott Schulman continues in his role as president of Dow Jones Financial Information Services; Alan Scott, formerly chief marketing officer of Factiva, becomes SVP and chief marketing officer of the Group; and Bill Voltmer becomes SVP, global sales and client solutions, for the Content Technology Solutions business unit.