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DOW JONES & COMPANY
Dow Jones & Company (NYSE: DJ) is an American publishing and financial information firm.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company is publicly traded but privately controlled. The company is led by the Bancroft family, and is not the subsidiary of a multinational corporation.
Print publishing
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. Other versions of the Journal include:
Sister publications of the Journal include Barron's Magazine, a weekly overview of the world economy and markets; the monthly journal Far Eastern Economic Review; and the consumer magazine SmartMoney in conjunction with the Hearst Corporation.
Dow Jones also owns Ottaway Newspapers, Inc., which publishes several community newspapers in the U.S.
Electronic publishing
Dow Jones Electronic Publishing hosts several websites. In addition to online editions of its publications, the company operates the career advancement-oriented 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, owned jointly with Reuters.
In January of 2005, Dow Jones purchased CBS MarketWatch in a transaction valued at $528 million. MarketWatch is a popular financial website among retail investors, and Dow Jones purportedly coveted its successful business-to-consumer advertising base to augment its reliance on business-to-business advertising and subscription-based business models.
Broadcasting
In broadcasting, Dow Jones provides news content to CNBC in the U.S. It produces two shows for commercial radio, The Wall Street Journal Report and The Dow Jones Money Report. CBS News Marketwatch is now making new studios on Wall Street for reporter Alexis Christoforous to be close to the action of the New York Stock Exchange and the American Stock Exchange.
Indices
The company is also responsible for several widely used stock market indices, among them:
Ownership
The Bancroft family, heirs of Clarence W. Barron, effectively controls the company class B shares, each with a voting power of 10 regular shares.
Corporate governance
Current members of the board of directors of the company are: Christopher Bancroft, Lewis B. Campbell, Michael Elefante, John Engler, Harvey Golub, Leslie Hill, Irvine Hockaday, Peter Kann (Chairman), David Li, Peter McPherson, Frank Newman, James Ottaway, Elizabeth Steele, and William Steere.
See also
External links
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