Dow Jones & Company, Inc.

Dow Jones & Company, Inc. is owned by News Corporation.

Les Hinton is the CEO of Dow Jones & Company, Inc..

Dow Jones & Company is a subsidiary of News Corporation. Following protracted and heated negotiations lasting half a year, Rupert Murdoch acquired the company at the end of 2007. Prior to the sale, the Bancroft family held a majority stake in Dow Jones and initially opposed the $5 billion offer from News Corporation. As many as 20 members of the Bancroft family had shares to vote, and they ultimately decided to take the money and run.

Dow Jones is an American publishing and financial information firm, founded in 1882 by three reporters: Charles Dow, Edward Jones and Charles Bergstresser.

Its flagship publication, The Wall Street Journal, is a daily newspaper covering U.S. and international business and financial news and issues. It began publishing on July 8, 1889. Sister publications of the Journal include Barron's, a weekly overview of the world economy and markets; the monthly journal Far Eastern Economic Review; and the consumer magazine SmartMoney, published in conjunction with the Hearst Corporation.

Dow Jones also owns Ottaway Newspapers, Inc., which publishes community newspapers in the U.S., and Dow Jones Electronic Publishing, which produces web sites. The company operates CareerJournal.com and CollegeJournal.com; OpinionJournal.com, with featured content from the Wall Street Journal's politically conservative editorial pages; business portals StartupJournal.com and RealEstateJournal.com; and Factiva, a news and business information service (similar to LexisNexis), owned jointly with Reuters.

In January 2005, Dow Jones purchased CBS MarketWatch in a transaction valued at $528 Million. MarketWatch is a popular financial website among individual investors.

Before the sale to News Corporation, Dow Jones was like The New York Times Company and The Washington Post Company -- publicly traded but privately controlled. The Bancroft family owned 30% of Dow Jones shares and 62% of its voting rights.

In 2004 Dow Jones had total revenues of $1.67 billion, about half of which were contributed by the Wall Street Journal.

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Comments about Dow Jones & Company, Inc.

Comments to date: 1. This is page 1 of 1.

RJ Miller	Posted at 12:51pm on Thursday, February 21st, 2008
Rich Zannino is no longer CEO

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