Assistant Managing Editor Edward Felsenthal to Oversee All 'Business of Life' Coverage at The Wall Street Journal; Popular and Growing Coverage Includes Weekend Journal, Personal Journal, and the New 'Pursuits' section to be Launched Sept. 17

Business Wire, August 24, 2005

NEW YORK -- Wall Street Journal Managing Editor Paul E. Steiger today announced that Assistant Managing Editor Edward Felsenthal will oversee all "Business of Life" coverage in the newspaper, including the Personal Journal section on Tuesday through Thursday, the Weekend Journal section on Friday, and the Pursuits section on Saturday in the Weekend Edition, which will launch on September 17. Felsenthal succeeds Joanne Lipman, who will leave the Journal following the launch of Weekend Edition to start a new magazine on business for Conde Nast.

"We are delighted that Edward will oversee our growing 'Business of Life' coverage," said Steiger. "Edward has worked closely with Joanne Lipman to create and nurture this whole area of coverage for us from the beginning. We congratulate Joanne on her great achievements here and wish her all the best. We now look forward to Edward's leadership. He is a highly talented and accomplished editor, whose insights and instincts have made Personal Journal a huge success with readers and will enable him to extend the Journal's powerful momentum in this field."

The "Business of Life" is a popular and expanding coverage area in the Journal that provides readers with news and information they need about things that matter most to them in their personal lives. Typical "Business of Life" coverage includes articles about personal finance, family, recreation, health, personal technology, cooking and dining out, sports, fashion, and travel. It began with the launch of Weekend Journal in 1998 and continued with the introduction of Personal Journal in 2002. The Pursuits section in Weekend Edition will mark the latest expansion of the Journal's "Business of Life" initiative that will be featured five days--Tuesday through Saturday--starting on September 17.

"Over the past eight years, Joanne Lipman has built an immensely talented team of journalists in Weekend Edition and Personal Journal, and she has put a tremendous team in place--led by editor Tom Weber--to launch the Pursuits section of the Weekend Edition," said Journal Publisher Karen Elliott House. "As our 'Business of Life' coverage has continued to expand and evolve, our readers have demanded more of it. Edward Felsenthal will have the opportunity to lead the 'Business of Life' franchise into a new era next month when Weekend Edition launches. The success he enjoyed as editor of Personal Journal is an indication of how pleased our readers will be with Pursuits." The past two years, Journal reporters have won Pulitzer prizes for health care coverage, including stories appearing in Personal Journal.

Edward Felsenthal will maintain his current title as assistant managing editor for news strategy at The Wall Street Journal, and will be editor in chief of Personal Journal, a section he helped found in 2002, as well as of Weekend Journal and Pursuits.

A native of Memphis, Tenn., Mr. Felsenthal is a magna cum laude and Phi Beta Kappa graduate of Princeton University. He earned a master's degree in international affairs from the Fletcher School of Law and Diplomacy at Tufts University and a J.D. degree from Harvard Law School. He began his career at the Journal in 1992 covering legal affairs and was the paper's Supreme Court correspondent in Washington from 1996 to 1998, when he became an editor for Weekend Journal. In June 2000, he became associate editor of Weekend Journal. He was named founding editor of Personal Journal in December 2001 and was appointed to his current posts in June 2005.

About The Wall Street Journal

The Wall Street Journal, the flagship publication of Dow Jones & Company (NYSE: DJ; www.dowjones.com), is the world's leading business publication. Founded in 1889, The Wall Street Journal has a print and online circulation of nearly 2.1 million, reaching the nation's top business and political leaders, as well as investors across the country. Holding 31 Pulitzer Prizes for outstanding journalism, the Journal seeks to help its readers succeed by providing essential and relevant information, presented fairly and accurately, from a dependable and trusted source. The Wall Street Journal print franchise has nearly 600 journalists world-wide, part of the Dow Jones network of nearly 1,800 business and financial news staff. Other publications that are part of The Wall Street Journal franchise, with total circulation of 2.7 million, include The Asian Wall Street Journal, The Wall Street Journal Europe and The Wall Street Journal Online at WSJ.com, the largest paid subscription news site on the Web. In 2005, the Journal was ranked No. 1 in BtoB's Media Power 50 for the sixth consecutive year.