Dow Jones and Company
3 categories
Media Owner
Publisher
Family
Is Non Profit
No
Year Founded
1882
Staff Count
8000
Is Locally Owned
Yes
Url
Type Description
media publishing company
1.0.3
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Use of DataDow Jones and Company is a publishing firm founded in 1882 and based in New York City, New York. It is best known for publishing The Wall Street Journal, MarketWatch, and the Dow Jones Industrial Average (formerly). In 2007, Dow Jones and Company was acquired by News Corporation, making it a wholly-owned subsidiary of the Murdoch family media conglomerate.
Dow Jones and Company is a specialized news agency for businesses and investors that tracks stock prices on a daily basis.
Before the $5 billion purchase, Dow Jones was owned by the Bancroft family, prominent Boston residents, and the heirs of Clarence W. Barron, a financial journalist and editor.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, tracks the performance of 30 prominent companies that are listed on the New York Stock Exchange, and the Nasdaq, another a stock exchange.
Publications and brands in the Dow Jones company include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch, and Financial News.
Before the sale to News Corp., the Bancroft family and heirs of Clarence W. Barron were owners of Dow Jones before the News Corp. purchase.
The origin of the Dow Jones company can be traced to Charles Dow, Edward Jones, and Charles Bergstresser. During a 20-year period, beginning in 1882, they established three news sources which now define Dow Jones and financial journalism: The Wall Street Journal, Dow Jones Newswires, and the Dow Jones Industrial Average.
Dow Jones and Company shareholders approved the $5.16 billion sale to News Corp. Chairman and chief executive officer Rupert Murdoch promised that the Dow "must be “the pre-eminent source of financial information and comment in the world."
Murdoch selected company veteran Les Hinton to succeed Richard Zannino as Dow Jones CEO. Times of London editor Robert Thomson was to become publisher of The Wall Street Journal. At the time of purchase, Murdoch raised the possibility of removing the subscription wall on WSJ.com, suggesting that a free site would bring in enough ad revenue to offset the subscription revenues that would be lost.
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