MarketWatch

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MarketWatch, Inc.
MarketWatch.png
Founded 1997
Headquarters San Francisco, CA
Key People Editor-in-Chief David Callaway
Products MarketWatch.com, BigCharts.com, Virtual StockExchange.com, MarketWatch radio network, MarketWatch Weekend television program, Hulbert Financial Digest, Retirement Weekly, ETF Trader
Website http://www2.marketwatch.com/m/

The parent company of popular financial Web site MarketWatch has been a subsidiary of Dow Jones & Company, now owned by Rupert Murdoch's News Corporation, since 2005. MarketWatch, Inc. is now a multi-media financial-information gatherer and distributor with over 100 journalists based in 10 bureaus worldwide.

History[edit]

MarketWatch was founded in 1997 by television network CBS as the Web site CBS.MarketWatch.com and later added BigCharts.com and the CBS MarketWatch Weekend television program and radio updates.[1] Parent company MarketWatch Inc. also runs MarketWatch Information Services, which licenses its products for use by other content providers.

When purchased by Dow Jones in 2005 for $519 million, MarketWatch's Inc. was owned 23 percent each by media giants Viacom and Pearson. Dow Jones, publishers of the Wall Street Journal, paid $18 per share for MarketWatch to help the company expand its online presence against rival online finance-news providers Reuters and Bloomberg.

Most recently, MarketWatch Inc. generated annual revenue of $47.2 million[2] while its eponymous Web site draws 7.6 million unique visitors monthly.[3] MarketWatch has also won numerous "EPpy awards" for best financial news website given by journalism trade magazine Editor & Publisher. The company claims over 1,400 filings per day from its 10 bureaus in the U.S., London and Hong Kong, plus radio updates every 30 minutes on its MarketWatch.com Radio Network.[4]

Products and Services[edit]

  • Web: MarketWatch.com, BigCharts.com, VirtualStockExchange.com
  • Radio: MarketWatch.com Radio Network
  • TV: CBS MarketWatch Weekend
  • Subscriptions: Hulbert Financial Digest group, Retirement Weekly, ETF Trader
  • Licensing: MarketWatch Licensing Services group

Key People[edit]

MarketWatch Editor-in-Chief David Callaway[5] joined the company as MarketWatch managing editor in 1999 and was promoted to the top job in 2003. Prior to that Callaway spent five years in London with financial-news agancy Bloomberg running a team of reporters covering the European securities and banking industries. He also spent six years as a reporter and columnist with the Boston Herald. Callaway is a graduate of Northwestern University's Medill School of Journalism.

References[edit]

  1. Dow Jones to buy MarketWatch. CBS MarketWatch.
  2. MarketWatch, Inc.. San Francisco Business Times.
  3. Dow Jones to buy CBS MarketWatch for $519M. San Francisco Business Times.
  4. About MarketWatch, Inc.. MarketWatch, Inc..
  5. David Callaway. MoneyShow.com.