Dow Jones & Company
From Wikipedia, the free encyclopedia.
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| Type | Public (NYSE: DJ) |
| Founded | 15 Wall Street, New York (1882) |
| Location | New York |
| Key people | Charles Dow, Founder Edward Jones, Founder Charles Bergstresser, Founder Peter R. Kann, CEO |
| Industry | News and Publishing |
| Products | Wall Street Journal Barron's Magazine Far Eastern Economic Review SmartMoney Vedomosti (See complete products listing.) |
| Revenue |  $437.2 million USD (2004) |
| Employees | 7,143 (2004) |
| Website | www.dowjones.com |
Dow Jones & Company NYSE: DJ, based in the United States, is a 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 controlled by the Bancroft family, and is not the subsidiary of a multinational corporation.
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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:
- The Asian Wall Street Journal covering Asian business;
- The Wall Street Journal Europe covering European business;
- The Wall Street Journal Special Editions division publishes translations of articles for inclusion in local newspapers, notably in Latin America.
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 is co-owner with NBC of the CNBC television operations in Asia and Europe, which are branded "a service of NBC and Dow Jones." Dow Jones also 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.
Indices
The company is also responsible for several widely used stock market indices, among them:
- Dow Jones Composite Average
- Dow Jones Global Titans
- Dow Jones Industrial Average (DJIA, "Dow Jones 30," or often simply "the Dow")
- Dow Jones Transportation Average
- Dow Jones Utility Average
- Dow Jones U.S. Large Cap Growth
- Dow Jones U.S. Large Cap Value
- Dow Jones U.S. Small Cap Growth
- Dow Jones U.S. Small Cap Value
- Dow Jones Wilshire 5000 Total Market Index
Ownership
The Bancroft family effectively controls the company class B shares, each with a voting power of 10 regular shares.
