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Dow Jones & Company, Inc. |
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Dow Jones & Company, Inc. is a publishing and financial information firm from America. The Dow Jones & Company, Inc. was established in the year 1882 by three reporters: Edward Jones, Charles Dow, and Charles Bergstresser. Like the Washington Post and The New York Times, this company also is a publicly traded one but is controlled privately. Dow Jones & Company, Inc. is led by the Bancroft family that effectively controls 64% of the entire voting stock. Presently, the company is the target of a bid by News Corporation. On August 1, 2007 the bid was reported to be a success after a long period of dubiety about shareholder agreement.
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In fact, the deal is not yet complete but a definite agreement with the company and the certain Bancroft family shareholders was reached and the transaction is expected to be complete in the fourth quarter of year 2007.
As a financial information firm, Dow Jones & Company, Inc. bought MarketWatch in January, 2005, in a transaction that valued to$528 million. MarketWatch is one of the popular financial website amongst retail investors. Dow Jones supposedly coveted its successful B-2-C advertising base for augmenting its reliance on B-2-B advertising and subscription-based models of business. Not only that, Dow Jones is also the owner of Dow Jones Newswires, a news wire that successfully competes with Bloomberg News and Reuters. Moreover, Dow Jones & Company, Inc. also owns Dow Jones Financial Information Services – a leading information, news and events provider.
The information are provided on specially financial markets and industry segments that include venture capital, energy & commodities, private equity, bankruptcy & debt, foreign trade, and many other areas. In 2007, Dow Jones joined hands with InterActiveCorp to establish a personal finance website FiLife.com that will use Dow Jones property content in the MarketWatch and Wall Street Journal.
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