Dow Jones & Company
|Dow Jones & Company|
|Headquarters||New York City|
|Key People||CEO Les Hinton|
|Products||Consumer, enterprise and local media, stock indexes and marketing, conferences|
Founded in 1882 by Edward Davis Jones, Charles Henry Dow and Charles Milford Bergstresser REF as a consumer newspaper group, Dow Jones and Co. is now a subsidiary of News Corporation.
Its most successful media product is the NYC-based Wall Street Journal (WSJ) but it also owns well-known national financial publications Barron's and MarketWatch. Internationally it owns the WSJ Asia and WSJ Europe and the Hong Kong-based Far Eastern Economic Review and it covers China's market online at ChineseWSJ.com. Dow Jones has also formed successful international joint ventures, most recently to launch the Russian independent business publication Vedomosti in 1999.
In July 2007 News. Corp. chairman Rupert Murdoch "shocked the media world" by offering $5 billion for Dow Jones, a significant premium to its market value, which was soon accepted. Murdoch quickly installed Les Hinton, the former head of News Corp.'s U.K. operations, as CEO.
Other Investor Services
The company's Enterprise Media Group also contains Dow Jones Newswires, which provides real-time financial information specializing in the bonds market. Dow Jones Indexes creates, markets and licenses market-benchmark indexes including the U.S. stock-benchmark Dow Jones Industrial Average. It also runs Factiva, a premium media-archive database and content-provider with 1.8 million paid subscribers, including 80% of the Fortune Global 500.