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Rupert Murdoch’s News Corp. officially owns Dow Jones & Co. as of yesterday, when shareholders voted to sell the company for $5.6 billion.  With annual revenue of only $2 billion, Dow Jones is actually relatively small.  Speaking in terms of influence, though, it’s very big, especially in financial news.  Aside from the Wall Street Journal, which ranks second in daily domestic circulation to USA Today, Dow Jones’ properties include: Dow Jones Newswires, the Dow Jones indexes, Baron’s, the Factiva information service and Marketwatch.com.  Murdoch claims that he will preserve the reputation of the well-respected WSJ while making it more competitive, leading some skeptics to worry that the broadsheet will succumb to sensationalism.  New York Times  (Dec. 14, 2007)

Tags: Dow Jones, Factiva, Marketwatch.com, News Corp., Wall Street Journal

This entry was posted on Friday, December 14th, 2007 at 1:26 pm and is filed under Magazine Publishing, Other Media, USA. You can Email This Article to a friend. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.