March 7, 2008 E-MAIL PRINT

Book Deals

There have been some questions raised recently about a memo from Wall Street Journal managing editor Marcus Brauchli in which he outlined "changes in the book policy" at Dow Jones.


First of all, the book policy (for IAPE-represented employees) is among those "terms and conditions" of employment that can not be unilaterally changed by the company. Any changes in the established policy have to be negotiated with IAPE before taking effect. No such negotiations have taken place and so there have been no changes in the policy.

The heart of the concern seems to be reports that some individuals have been told by managers that the policy has changed — and that the company can now demand up to 10% of a reporter's advance from the publisher. To date, we've heard of no IAPE-represented employee forced to cut the company in for a share (although we've learned that the company may be demanding such terms for employees outside the union — and beyond the protection of the contract.)

If you're an IAPE-represented employee and management tries to cut itself in for a share of your book publishing fortune, call the office (609-275-6020) immediately — and sign nothing.

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