RD Recap: Buyouts at the WSJ; Lonely Planet Debuts U.S. Magazine

The latest media hirings and firings.

Revolving Door

The Wall Street Journal is making serious cuts in order to bring the budget in line with expectations. Capital New York hears that it’s “the worst it’s ever been” and that a “serious realignment” is in the offing. This sounds like it goes beyond the typical yearly repositioning of staffers as the newsroom focuses on becoming more digital and mobile first. Voluntary buyouts, targeting older, highly paid staffers are the first option, but we could see layoffs, perhaps even more than the 20 to 40 positions lost last summer when the savings achieved by buyouts didn’t reach the desired monetary figure…

Lonely Planet launches a magazine in the United States–its 11th edition worldwide–with former Niche Media senior editor Lauren Finney at the helm. She had been working on the launch of Austin Way magazine for Niche and will be responsible for an editorial staff of half a dozen… Lucky plans to lay off some staffers as it transitions from a monthly to a quarterly. “The shift to a quarterly matches the consumer habits and also offers a unique value proposition,” wrote Josh Berman, Lucky Group CEOin an email to Adweek… Allure promotes Sophia Panych to digital beauty editor while hiring three, including The Huffington Post’s Renee Jacques… Hearst hands CarandDriver.com and RoadandTrack.com site director Michael Mraz the keys to its men’s group while making a couple of other changes, too… Read More