ENLARGE Dow Jones, a unit of News Corp, said the review would focus on three key areas: the newsroom, advertising sales and areas where the company can be more efficient. Photo: Getty ImagesThe Wall Street Journal announced plans Wednesday for a substantial revamp of its print newspaper as parent company Dow Jones & Co. launched a broader review of operations to cut costs in response to a significant decline in print advertising. Mr. Lewis’s note said the review would focus on three key areas: the newsroom, advertising sales and areas where the company can be more efficient. He said digital subscribers were expected to outnumber print subscribers at some point in the current fiscal year, which ends June 30. The paper had 1.09 million print subscribers, as of July 1, and an average daily circulation of 1.38 million.

Source: Wall Street Journal October 19, 2016 19:13 UTC