Dow Jones

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 privately controlled. The company is led by the Bancroft family, and is not the subsidiary of a multinational corporation.

Contents

1 Print publishing
2 Electronic publishing
3 Broadcasting
4 Indices
5 Ownership
6 Corporate governance
7 See also
8 External links

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 Wall Street Journal Asia 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 and publishes [Dow Jones Newswires]; a leading real-time financial news service catered to financial professionals. 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 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. CBS News Marketwatch is now making new studios on Wall Street for reporter Alexis Christoforous to be close to the action of the New York Stock Exchange and the American Stock Exchange.

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
Dow Jones Sustainability Indexes

Ownership

The Bancroft family, heirs of Clarence W. Barron, effectively controls the company class B shares, each with a voting power of 10 regular shares.

Corporate governance

Current members of the board of directors of the company are: Christopher Bancroft, Lewis B. Campbell, Michael Elefante, John Engler, Harvey Golub, Leslie Hill, Irvine Hockaday, Vernon Jordan, Peter Kann (Chairman), David Li, Peter McPherson, Frank Newman, James Ottaway, Elizabeth Steele, and William Steere.

External links

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