Dow Jones has revealed plans to lay off some staff from its
flagship website WSJ.com, and is to close one of its global business
websites and delay the launch of another.
The job cuts are not expected to affect staff in the company's London
office.
The website facing the axe is Work.com - a global internet resource for
business - owned jointly by Dow Jones and ISP Excite@Home. The Work team
is based in the US.
The Dow Jones-owned Wall Street Journal has also delayed the launch of
WeekendJournal.com due to the troubled online ad market.
Despite the cuts, WSJ.com is seen as one of the most successful
commercial online operations. It charges a subscription for access to
most content.
Many content providers are currently searching for a way to make their
sites profitable. TheEconomist.com recently introduced charges for
access to its 'premium content'.
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