The former CEO began as a copy reader for The Wall Street Journal before taking the reins of the indispensable business newspaper
Washington — Warren Phillips, the former CEO of Dow Jones and publisher of its flagship The Wall Street Journal as the newspaper became the largest US daily by circulation, has died. He was 92.Fresh from college in 1947, Phillips took an entry-level position at the Journal — “then a thin, 100,000-circulation financial paper downtown at 44 Broad Street”, he recalled in his 2011 memoir.
Phillips and two appointees, editor Norman Pearlstine and associate publisher Peter Kann, broadened the newspaper’s scope and size throughout the 1980s by adding staff, a European edition and a new emphasis on topics such as law, technology, real estate and media. “I was concerned with balance — not over-focusing so much staff time and front-page space on light, whimsical features or other non-business subjects that our specialty, being best in the coverage of business, was weakened in the process,” he wrote in his memoir,From 1985, when advertising revenue began a steady decline, Phillips managed Dow Jones through a period of attrition exacerbated by the Black Monday stock-market crash in October 1987.
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