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Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', '' Barron's'', ''
MarketWatch MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and '' Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. Histo ...
'', ''Mansion Global'', ''
Financial News ''Financial News'' is a financial newspaper and news website published in London. It is a weekly newspaper, published by eFinancial News Limited, covering the financial services sector through news, views and extensive people coverage. ''Fi ...
'' and ''
Private Equity News ''Private Equity News'' is a Europe-based business magazine about the private equity industry. It is part of media organisation Dow Jones and is a sister title to ''Financial News ''Financial News'' is a financial newspaper and news webs ...
''. It formerly published the
Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity inde ...
.


History

The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Charles Dow was widely known for his ability to break down and convey what was often considered very convoluted financial information and news to the general public - this is one of the reasons why Dow Jones & Company is well known for their publications and transferring of important and sometimes difficult to understand financial information to people across the globe. Nevertheless, the three reporters were joined in control of the organization by
Thomas F. Woodlock Thomas Francis Woodlock (September 1, 1866 – August 25, 1945) was editor of the '' Wall Street Journal'' and a member of the United States Interstate Commerce Commission (ICC). He was appointed to the commission in January 1925 to succeed Mark ...
. Dow Jones was acquired in 1902 by
Clarence Barron Clarence W. Barron (July 2, 1855, in Boston, Massachusetts – October 2, 1928) was one of the most influential figures in the history of Dow Jones & Company. As a career newsman described as a "short, rotund powerhouse", he died holding the pos ...
, the leading financial journalist of the day, after the death of co-founder Charles Dow. Upon Barron's death in 1928, control of the company passed to his stepdaughters Jane and Martha Bancroft. The company was led by the
Bancroft family The Bancroft family are the former owners of Dow Jones & Company which is now owned by Rupert Murdoch's News Corporation (NewsCorp). The Family The Bancrofts are a family of publicly reclusive Boston socialites who inherited ''The Wall Street ...
, which effectively controlled 64% of all voting stock, until 2007 when an extended takeover battle saw News Corporation acquire the business. The company then became a subsidiary of News Corporation. It was reported on August 1, 2007, that the bid had been successful after an extended period of uncertainty about shareholder agreement, with the transaction finalized on December 13, 2007. It was worth US$5 billion or $60 a share, giving News Corp control of ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' and ending the Bancroft family's 105 years of ownership. The company was best known for the publication of the
Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity inde ...
and related market statistics, Dow Jones Newswire, and a number of financial publications. In 2010 the
Dow Jones Indexes S&P Dow Jones Indices LLC () is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as the ...
subsidiary was sold to the CME Group and the company focused on financial news publications, including its flagship publication ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' and providing financial news and information tools to financial companies. In April 2020, Dow Jones CEO William Lewis announced he would be stepping down from his position after nearly six years in the role. On May 7, 2020 News Corp announced that Almar Latour would assume the CEO role on May 15, 2020.


Products


Consumer media

Its flagship publication, ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', is a daily
newspaper A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, spor ...
in print and online covering business, financial national and international news and issues around the globe. It began publishing on July 8, 1889. There are 12 versions of the Journal in nine languages, including English, Chinese, Japanese, German, Spanish, Portuguese, Bahasa, Turkish and Korean. The Journal holds 35 Pulitzer Prizes for outstanding journalism. Other consumer-oriented publications of Dow Jones include ''
Barron's Magazine ''Barron's'' is an American weekly magazine/ newspaper published by Dow Jones & Company, a division of News Corp. Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to '' The Wall Street Journal'', ''Barron's'' covers U ...
'', a weekly overview of the world economy and markets,
MarketWatch MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and '' Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. Histo ...
, an online financial news site, and '' Investor's Business Daily'', a newspaper and website covering the stock market, international business, finance and economics. ''Financial News'' provides news on investment banking, securities, and asset management. BigCharts, provided by MarketWatch's Virtual Stock Exchange Games, includes stock charts, screeners, interactive charting, and research tools. ''Professor Journal'' is a "Journal" in education program for professors to integrate into curriculum. In 2017, Dow Jones launched Moneyish, a lifestyle and
personal finance Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. When planning personal fi ...
website aimed at
millennial Millennials, also known as Generation Y or Gen Y, are the Western world, Western demography, demographic Cohort (statistics), cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as start ...
readers. Dow Jones also published
Heat Street ''Heat Street'' was a news, opinion and commentary website based in the United States and United Kingdom. The website was launched in April 2016 by U.S.-based British writer and former politician Louise Mensch. It was owned by News Corp under ...
, an online news and opinion website launched in February 2016 that was later folded into MarketWatch. The monthly journal '' Far Eastern Economic Review'' closed in September 2009.


Enterprise media

Dow Jones serves corporate markets and financial markets clients with financial news and information products and services. Dow Jones owns more than 20 products that combine content and technology to help drive decisions, which include: * Dow Jones Newswires; * Dow Jones Factiva, a database that provides a curated basis for making decisions through search results, alerts, newsletters, and charts about companies, topics, and people; * Dow Jones FX Select, delivers real-time, breaking global FX news, expert trend analysis and in-depth policy commentary in 13 languages; * Dow Jones VentureSource, provides data on venture-backed companies and helps find deal and partnership opportunities, perform comprehensive due diligence and examine trends in venture capital investment, fund-raising and liquidity; * Private Equity Analyst, timely news and critical analysis of private equity and venture capital activity, offering insight and breaking news on developments in fund-raising, investment, deal finance, liquidity, returns, and executive moves; * Dow Jones Risk & Compliance, on risk management, regulatory compliance or corporate governance content for Anti-Corruption, Anti-Money Laundering, and Payments and Sanctions.


Dow Jones Newswires

''Dow Jones Newswires'' is the real-time financial news organization founded in 1882, its primary competitors are Bloomberg L.P. and
Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corp ...
. The company reports more than 600,000 subscribers — including
broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be con ...
s, traders, analysts, world leaders, and finance officials and fund managers — as of July 2011.


Ventures

In 2009 Dow Jones Ventures launched FINS.com, a standalone resource for financial professionals with information about finance careers and the finance industry.


Broadcasting

In broadcasting, Dow Jones provides news content to
CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk s ...
in the U.S. It produced two shows for commercial
radio Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30  hertz (Hz) and 300  gigahertz (GHz). They are generated by an electronic device called a tr ...
, '' The Wall Street Journal Report'' on the
Wall Street Journal Radio Network The ''Wall Street Journal'' Radio Network was the radio arm of ''The Wall Street Journal'', owned by Dow Jones. The radio news service served over 400 radio stations across North America and provided various programming. On November 12, 2014, Dow ...
and '' The Dow Jones Report''. The network was shut down in 2014. Dow Jones also launched WSJ Live an interactive video website that provides live and on demand videos from The Wall Street Journal Video Network. Programs include "
News Hub News HUB (formerly known as Independent News Network) is a production company based in Little Rock, Arkansas, which syndicates "localized" news programs for broadcast television stations in the United States, that have budgets limiting their ...
", " MoneyBeat", and " Lunch Break" among others. WSJ Live was shut down in 2017.


Indices

Dow Jones sold a 90% stake in its Index business for $607.5M to
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...
-based CME Group, which owns the
Chicago Mercantile Exchange The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an ...
, in February 2010. A few of the most widely used include: *
Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity inde ...
(DJIA, "Dow 30", or often simply "The Dow") * Dow Jones Transportation Average * Dow Jones Utility Average * Dow Jones Composite Average * The Global Dow *Dow Jones Global Titans 50 Index *Dow Jones Total Stock Market Index * Dow Jones Sustainability Indexes *Dow Jones-UBS Commodity Indexes *Dow Jones Target Date Indexes


NewsPicks USA

In March 2017, Dow Jones and NewsPicks Inc., a Japanese firm that develops and operates a business news platform of the same name, established a joint venture called NewsPicks USA, LLC. The joint venture is headed by CEO Ken Breen, who is currently the Senior Vice President, Commercial, for the Dow Jones Media Group, together with Chairman Yusuke Umeda, who is also the Director of NewsPicks Inc. The joint venture launched the English version of the NewsPicks platform for the US market on November 13, 2017. Similar to the original Japanese edition, the US edition of NewsPicks combines business news from sources like ''The Wall Street Journal'', Bloomberg, and Reuters with social networking features, such as comments on news articles from top-ranked business professionals from around the world ("ProPickers"). The platform currently has a smartphone app for the iPhone with plans for release on Android in the future.


Ownership

The company's foundation was laid by Charles Dow, Edward Jones and Charles Bergstresser who, over two decades, conceived and promoted the three products which define Dow Jones and financial journalism: ''The Wall Street Journal'', Dow Jones Newswires and the Dow Jones Industrial Average.Dow Jones History
Dow Jones was acquired in 1902 by the leading financial journalist of the day, Clarence Barron. In 2007, Dow Jones was acquired by News Corp., a leading global media company. The Bancroft family and heirs of Clarence W. Barron effectively controlled the company's class B shares, each with a voting power of ten regular shares, prior to its sale to News Corp. At one time, they controlled 64% of Dow Jones voting stock. Currently, Dow Jones is owned by Rupert Murdoch, owner of News Corp and several other major media companies.


Buyout offer

On May 1, 2007, Dow Jones released a statement confirming that News Corporation, led by
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
, had made an unsolicited offer of $60 per share, or $5 billion, for Dow Jones. Stock was briefly halted for pending press release. The halt lasted under 10 minutes while CNBC was receiving data. It has been suggested that the buyout offer is related to Murdoch's new cable business news channel Fox Business that launched in 2007. The Dow Jones brand brings instant credibility to the project. On June 6, 2007, CEO Brian Tierney of Philadelphia Media Holdings L.L.C., owning company of ''
The Philadelphia Inquirer ''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pen ...
'', '' Philadelphia Daily News'', and Philly.com, went public in an article on Philly.com expressing interest in "joining with outside partners to buy Dow Jones." Tierney said, "We would participate as Philadelphia Media Holdings, along with other investors. We wouldn't do it alone." In June, MySpace co-founder
Brad Greenspan use both this parameter and , birth_date to display the person's date of birth, date of death, and age at death) --> , death_place = , death_cause = , body_discovered = , resting_place = , resting_place_coordinates ...
put forth a bid to buy 25% of Dow Jones for $60 a share, the same price per share as News Corporation's bid. Greenspan's offer was for $1.25 billion for 25% of the company. On July 17, 2007, ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', a unit of Dow Jones, reported that the company and News Corporation had agreed in principle on a US$5 billion takeover, that the offer would be put to the full Dow Jones board on the same evening in New York, and that the offer valued the company at 70% more than the company's market value.


Insider trading scandal

Upon investigating suspicious share price movements in the run-up to the announcement, the SEC alleged that board member Sir David Li, one of Hong Kong's most prominent businessmen, had informed his close friend and business associate Michael Leung of the impending offer. Leung had acted on this information by telling his daughter and son-in-law, who reaped a US$8.2 million profit from the insider trading transaction.The News Corp-Dow Jones Insider Trading Case: A Significant Settlement
''SEC Actions'', February 6, 2008


Corporate governance

Prior to its sale to News Corp, the last members of the board of directors of the company were: Christopher Bancroft, Lewis B. Campbell,
Michael Elefante Michael may refer to: People * Michael (given name), a given name * Michael (surname), including a list of people with the surname Michael Given name "Michael" * Michael (archangel), ''first'' of God's archangels in the Jewish, Christian an ...
, John Engler, Harvey Golub, Leslie Hill, Irvine Hockaday, Peter Kann, David Li, M. Peter McPherson (Chairman), Frank Newman, James Ottaway, Elizabeth Steele, and William Steere.


See also

*
Closing milestones of the Dow Jones Industrial Average This article is a summary of the closing milestones of the Dow Jones Industrial Average, a United States stock market index. Since first closing at 62.76 on February 16, 1885, the Dow Jones Industrial Average has increased, despite several periods o ...
* List of assets owned by Dow Jones


References


External links

*
Dow Jones corporate historyDow Jones Indexes corporate site

Dow Jones Stock Indexes averages research siteDow Jones Indexes video on indexing using Latin America as an exampleOverview of company history
"Dow Jones Saga Reflects The Forces That Shaped The Wall Street Journal" {{DEFAULTSORT:Dow Jones and Company Financial services companies established in 1882 Companies based in New York City American companies established in 1882 News Corporation subsidiaries Mass media companies of the United States Financial data vendors 2007 mergers and acquisitions