From the NYT:

The Wall Street Journal, already roiled by a proposed takeover by Rupert Murdoch, will announce today a major newsroom shake-up, including the reassignment and replacement of several top editors, officials there say.

The reorganization represents a bid by the managing editor, Marcus E. Brauchli, who took the top job in the newsroom just a month ago, to put his stamp on the upper echelons of one of the nation’s most respected and widely read newspapers. A spokesman for Dow Jones & Company, The Journal’s parent company, declined to comment on any planned changes.

The newsroom announcement will come on the day that the Bancroft family, which owns a controlling interest in Dow Jones, is expected to make a new proposal to Mr. Murdoch’s News Corporation on safeguarding The Journal’s editorial independence in the event of a sale. The Bancrofts’ goal is to keep the appointment of The Journal’s top editors out of Mr. Murdoch’s hands.