According to The Times, the reorganization represents a bid by the managing editor, Marcus Brauchli, who took the top job in the newsroom just a month ago, to put his stamp on the upper echelons of the Journal, according to the report, which cited officials at the newspaper.

Dow Jones and The Journal could not be immediately reached for comment, according to The Times.

The newsroom announcement, expected Wednesday, will come on the same day that the Bancroft family, which owns a controlling interest in Dow Jones, is expected to make a new proposal to Rupert Murdoch on safeguarding The Journal's editorial independence in the event of a sale, The Times reported.-New York State Society of Certified Public Accountants