David Callaway named editor in chief of USA TODAY

— -- MCLEAN, Va. - David Callaway, editor in chief of MarketWatch, a financial news website owned by Dow Jones, has been named editor in chief of USA TODAY.

The announcement was made Tuesday by USA TODAY president and publisher Larry Kramer, who founded MarketWatch.

Callaway will start the new job later this month.

"David is a distinguished journalist with a deep understanding of digital news and we are thrilled to have him join the USA TODAY team," Kramer said. "He has successfully run a newsroom that produced regular television, radio, digital and mobile news products. Here, he will also lead a multi-platform newsroom that will provide our readers with the outstanding content they have come to expect from us."

Callaway, 48, has been editor in chief at MarketWatch, and its predecessor CBS MarketWatch since 2003. He was executive editor and managing editor starting in 1999. Callaway managed the day-to-day coverage for a world-wide news gathering operation with 11 bureaus across the globe. Before that, he was a securities industry reporter at Bloomberg where he led a team of financial reporters throughout Europe covering the banking, investment banking and asset management business.

Earlier, he was a columnist at the Boston Herald, where he co-wrote a daily financial column on comings and goings in the Boston business district.

"I couldn't be more excited to be joining the USA TODAY team, and to rejoin Larry, as we begin a new era in digital journalism at one of the most well known news brands in the country," Callaway said.

Callaway is a graduate of Northwestern University's Medill School of Journalism, and has both a bachelors and a masters degree in journalism. Callaway is married to Nanci Tolan Callaway; they have an 18-year-old daughter, Alexandra.