Tag Archives: Wall Street Journal

Dow Jones Cuts the Cord with Wall Street Journal Radio

wsjIt’s happened before and it will likely happen again. In this case, Dow Jones has abruptly decided to cease its Wall Street Journal Radio Network and Marketwatch Radio operations.

It’s the ultimate reduction of staff–completely doing away with all content and talent, effective December 31, making for a bittersweet holiday season for those with pink slips in their stockings.

It’s believed approximately 15 people at WSJ and a few dozen others at Marketwatcb are impacted.

On a personal note, I’ve been a freelance anchor for the Wall Street Journal Radio since July 2013. But fortunately, since February, I have a full-time job at 77 WABC as my main gig.

Dow Jones’ parent company is News Corp. Dow Jones CEO William Lewis says in a statement, “It will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals.”

Since the 1980s, the Wall Street Journal Radio has been heard on hundreds of affiliates, including WCBS 880.

There are also national Wall Street Journal and Dow Jones Money reports.

On WCBS, you’ve likely heard Jen Ursillo giving the biz headlines with afternoon anchors Wayne Cabot and Steve Scott. Bruce Vale is veteran of the WSJ and WCBS.

Joe Connelly, the popular, longtime morning anchor, known for his witty repartee.

Another voice “giving the business” on 880 is Frank Cipolla, a man with so many years and experiences in the industry that he recently penned an autobiography (It Shocked Even Us).

Cipolla says he’s treasured the six years at the WSJ, but had a weird feeling just hours before the fateful announcement.

“[Tuesday] night – while I was alone in the newsroom – there was this very heavy feeling in the room. Almost dark. Then as I left after my last newscast I did something very uncharacteristic.”

At that point, Cipolla realized he didn’t have a photo of his work space.

“I stopped, took a shot of the newsroom and walked out,” Cipolla says. “[The next] morning the phone call came that it was all over. I’m not big on sixth senses, but I did sense something last night.”

Ray Hoffman is Dropped by Wall Street Journal, But Not All is Lost on WCBS 880

HoffmanBy JERRY BARMASH
(@jerrybarmash)

Ray Hoffman has been the comforting voice dispensing financial reports afternoons on WCBS 880 since 2006.

The updates, although broadcast from the Hudson Street studio, are under the auspices of the Wall Street Journal.

Regular 880 listeners likely noticed recently Hoffman was not there and there was no mention of his being away. Jen Ursillo has taken the p.m. drive business role.

As for Hoffman’s mellifluous cadence, it was caught in crosshairs of cost-cutting. The Wall Street Journal Radio Network sliced a 1/3 of its staffers, leaving Hoffman vulnerable.

“My contract came up and they didn’t renew it,” Hoffman admits to Tuned In. “I wasn’t surprised because I was making a fair amount of money.”

Despite the longevity and familiarity on 880, Hoffman diplomatically wouldn’t discuss if WCBS played a part in removing him from their station.

“I stay away from administration, and I don’t want to get involved with that now or second guess what anybody does,” Hoffman adds. “I know the Journal would have liked to have kept me, and CBS I’m sure would have liked to have kept me doing more than what I’m doing now.”

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