WSJ's Managing Editor Resigns

Updated from 8:52 a.m. EDT

Marcus Brauchli, the managing editor of The Wall Street Journal, resigned today, roughly four months after Rupert Murdoch's News Corp.(NWS Quote) bought the paper's parent company Dow Jones.

Brauchli, 46 years old, had been in the job less than a year. He made the resignation official in a statement made jointly with Les Hinton, the CEO of Dow Jones.

In a letter to the Journal's staff, Brauchli said, "now that the ownership transition has taken place, I have come to believe the new owners should have a managing editor of their choosing." ...