Washington Post in Dow Jones deal

The Washington Post, loser in the recent battle with The New York Times to hang on to joint ownership of the International Herald Tribune, is hitting back.

The New York Times has announced its intention to use its stories in and staff to produce stories for the IHT. Now the Post has said it is linking up with Dow Jones to supply daily news and opinion articles for The Wall Street Journal international editions.

From 1 April, Post articles will be exclusive to the WSJ for international English language newspapers. Terms of the agreement were not disclosed.

Leonard Downie Jr, executive editor of the Post, said his readers would benefit from “the best that the two newspapers have to offer. This will significantly increase the worldwide audience for Washington Post journalism, which we believe will complement that of The Wall Street Journal in its international editions.”

The WSJ has a network of more than 150 journalists outside its home country and the Post has 25 foreign correspondents in 20 bureaux.

The Washington Post Company owned an interest in the IHT from 1966 to 2002. The Post will continue to allow the IHT access to its material on a non-exclusive basis until March.

lPeter Goldmark, chairman of the IHT, has quit, saying he will be “the last publisher of the IHT as an independent newspaper with its own outlook on the world”.

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