'WSJ' Managing Editor Reportedly Resigning

The managing editor of the Wall Street Journal is said to be resigning, less than a year after starting the job, according to Time magazine. Marcus Brauchli has been at the influential business paper for more than 20 years.

Several months ago, Rupert Murdoch's NewsCorp bought the Journal for $5 billion. Traditionalists on the Journal staff were fearful of Murdoch's influence, and hoped Brauchli would maintain the paper's journalistic independence.

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