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A memoir from a man who helped transform the Wall Street Journal from a local newspaper to a global operation.
When executive editor Bill Kerby and managing editor Buren McCormack hired the 21-year-old Phillips (China Behind the Mask, 1973, etc.) as a $40-per-week proofreader in 1947, daily circulation stood at 100,000. By 1991, when the author retired after serving as the publisher and CEO of Dow Jones & Co., the paper was the largest daily in the country with a circulation of around 2 million. Phillips provides insight into how one of the nation's most prominent newspapers evolved. The author was personally involved with much of the growth, after his transfer to London and then Germany to build the paper's operations in Europe, and he was integral to the development of the Wall Street Journal Asia and the paper's partnership with Japan's Nikkei index. Under his leadership in the '70s and '80s, the paper became a technological leader through its deployment of satellite communications and its embrace of digitization. Throughout then book, Phillips looks at his part in shaping the Journal's news and editorial coverage, and these sections provide insight into his highly successful methods. The author includes many anecdotes culled from his diaries, some very funny, which illustrate the variegated aspects of his life and the people who shared in it. In a short epilogue, Phillips discusses Rupert Murdoch's takeover of the Journal and its incorporation into News Corp.
A well-rounded autobiography about the journalism industry and the people who shaped the news over the past 50 years.
Posted July 28, 2013
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Posted October 11, 2011
Atlanta, Georgia- A highlight of my day is to read a crisp and fresh copy of the Wall Street Journal. Their reporting is enlightening, informative, and insightful. I hope that this current high standard is a reflection from Warren Phillips who was a former publisher of The Wall Street Journal.
In his book Warren Phillips, this newsman who started as a copyboy and his career span all the way the top, shares a memoir of a rich life.
His life begins in Queens with hard working immigrant folks who gave him the freedom to dream. It was at 11, after taking a tour of the New York Daily News with his father, that he decided to go into the newspaper business.
Phillips was a first hand witness to the aftermaths of War World II. He traveled all over the world and was one of the first western reporters to visit China. On interesting experience was when he presided over the first time they send via satellite a full copy of the newspaper to Europe. The feat then allowed within minutes that transmitted information be used to print a copy of the paper locally.
This expanded the reach of up to date news. It seems like ancient history now with the internet, but this was a big deal then.
Phillips candidly shares his problems with mental health and how he sought treatment after being able shake the sadness. He interacted with Presidents and was up close and personal within the hall of the political conventions.
His career spanned a transformation period of the news business but the book is about the making of good journalist. After he retired from the newspaper he opened an independent publishing house seeking to put in print good books.
Posted December 28, 2011
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