Dow Jones & Company, Inc. is an American publishing firm owned by
News Corp
News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...
and led by CEO
Almar Latour
Almar Latour is a media executive and current CEO of Dow Jones and Company.
Early life and education
Latour grew up in the small Dutch town of Welten. During his childhood education he studied German, English, Dutch, and French. Through the F ...
.
The company publishes ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', ''
Barron's Barron's or Barrons may refer to:
*Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep
** B.E.S. Publishing, the former owner of Barron's
* ''Barr ...
'', ''
MarketWatch
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp.
Histor ...
'', ''Mansion Global'', ''
Financial News
''Financial News'' is a financial newspaper and news website published in London. It is a weekly newspaper, published by eFinancial News Limited, covering the financial services sector through news, views and extensive people coverage. ''Fin ...
'' and ''
Private Equity News
''Private Equity News'' is a Europe-based business magazine about the private equity industry. It is part of media organisation Dow Jones and is a sister title to ''Financial News'', Private Equity Analyst and ''The Wall Street Journal
''Th ...
''. It formerly published the
Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
The DJIA is one of the oldest and most commonly followed equity inde ...
.
History
The company was founded in 1882 by three reporters:
Charles Dow
Charles Henry Dow (; November 6, 1851 – December 4, 1902) was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser.
Dow also co-founded ''The Wall Street Journal'', which has become one of the ...
Charles Bergstresser Charles Milford Bergstresser (June 25, 1858 – September 20, 1923) was an American journalist and, with Charles Dow and Edward Jones, one of the founders of Dow Jones & Company at 15 Wall Street in 1882.
Early life
A native of Berrysburg, Pennsyl ...
. Charles Dow was widely known for his ability to break down and convey what was often considered very convoluted financial information and news to the general public - this is one of the reasons why Dow Jones & Company is well known for their publications and transferring of important and sometimes difficult to understand financial information to people across the globe. Nevertheless, the three reporters were joined in control of the organization by
Thomas F. Woodlock
Thomas Francis Woodlock (September 1, 1866 – August 25, 1945) was editor of the ''Wall Street Journal'' and a member of the United States Interstate Commerce Commission (ICC). He was appointed to the commission in January 1925 to succeed Mark ...
.
Dow Jones was acquired in 1902 by
Clarence Barron
Clarence W. Barron (July 2, 1855, in Boston, Massachusetts – October 2, 1928) was one of the most influential figures in the history of Dow Jones & Company. As a career newsman described as a "short, rotund powerhouse", he died holding the po ...
, the leading financial journalist of the day, after the death of co-founder Charles Dow. Upon Barron's death in 1928, control of the company passed to his stepdaughters Jane and Martha Bancroft. The company was led by the
Bancroft family
The Bancroft family are the former owners of Dow Jones & Company which is now owned by Rupert Murdoch's News Corporation (NewsCorp).
The Family
The Bancrofts are a family of publicly reclusive Boston socialites who inherited ''The Wall Street ...
, which effectively controlled 64% of all voting stock, until 2007 when an extended takeover battle saw
News Corporation
News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in Ne ...
acquire the business. The company then became a subsidiary of News Corporation. It was reported on August 1, 2007, that the bid had been successful after an extended period of uncertainty about shareholder agreement, with the transaction finalized on December 13, 2007. It was worth US$5 billion or $60 a share, giving
News Corp
News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...
control of ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' and ending the Bancroft family's 105 years of ownership.
The company was best known for the publication of the
Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
The DJIA is one of the oldest and most commonly followed equity inde ...
and related market statistics, Dow Jones Newswire, and a number of financial publications. In 2010 the
Dow Jones Indexes
S&P Dow Jones Indices LLC () is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as th ...
subsidiary was sold to the
CME Group
CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset class ...
and the company focused on financial news publications, including its flagship publication ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' and providing financial news and information tools to financial companies.
In April 2020, Dow Jones CEO William Lewis announced he would be stepping down from his position after nearly six years in the role.
On May 7, 2020
News Corp
News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...
announced that
Almar Latour
Almar Latour is a media executive and current CEO of Dow Jones and Company.
Early life and education
Latour grew up in the small Dutch town of Welten. During his childhood education he studied German, English, Dutch, and French. Through the F ...
would assume the CEO role on May 15, 2020.
Products
Consumer media
Its flagship publication, ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', is a daily
newspaper
A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background.
Newspapers can cover a wide variety of fields such as politics, business, sports a ...
in print and online covering business, financial national and international news and issues around the globe. It began publishing on July 8, 1889. There are 12 versions of the Journal in nine languages, including English, Chinese, Japanese, German, Spanish, Portuguese, Bahasa, Turkish and Korean. The Journal holds 35 Pulitzer Prizes for outstanding journalism.
Other consumer-oriented publications of Dow Jones include ''
Barron's Magazine
''Barron's'' is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp.
Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to ''The Wall Street Journal'', ''Barron's'' covers U.S. ...
'', a weekly overview of the world economy and markets,
MarketWatch
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp.
Histor ...
, an online financial news site, and ''
Investor's Business Daily
''Investor's Business Daily'' (''IBD'') is an American newspaper and website covering the stock market, international business, finance and economics. Founded in 1984 by William O'Neil as a print news publication, it is owned by News Corp and is ...
'', a newspaper and website covering the stock market, international business, finance and economics. ''Financial News'' provides news on
investment banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...
,
securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
, and
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
. BigCharts, provided by MarketWatch's Virtual Stock Exchange Games, includes stock charts, screeners, interactive charting, and research tools. ''Professor Journal'' is a "Journal" in education program for professors to integrate into curriculum.
In 2017, Dow Jones launched Moneyish, a lifestyle and
personal finance
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
When planning personal fi ...
website aimed at
millennial
Millennials, also known as Generation Y or Gen Y, are the Western demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000 ...
readers.
Dow Jones also published
Heat Street
''Heat Street'' was a news, opinion and commentary website based in the United States and United Kingdom. The website was launched in April 2016 by U.S.-based British writer and former politician Louise Mensch. It was owned by News Corp under ...
, an online news and opinion website launched in February 2016 that was later folded into MarketWatch.
The monthly journal ''
Far Eastern Economic Review
The ''Far Eastern Economic Review'' (''FEER'') was an Asian business magazine published between 1946 and December 2009 in the English language. Based in Hong Kong, the news magazine published weekly until December 2004, when it converted to a m ...
'' closed in September 2009.
Enterprise media
Dow Jones serves corporate markets and financial markets clients with financial news and information products and services. Dow Jones owns more than 20 products that combine content and technology to help drive decisions, which include:
* Dow Jones Newswires;
* Dow Jones
Factiva
Factiva is a business information and research tool owned by Dow Jones & Company. Factiva aggregates content from both licensed and free sources. Providing organizations with search, alerting, dissemination, and other information management ...
, a database that provides a curated basis for making decisions through search results, alerts, newsletters, and charts about companies, topics, and people;
* Dow Jones FX Select, delivers real-time, breaking global FX news, expert trend analysis and in-depth policy commentary in 13 languages;
* Dow Jones VentureSource, provides data on venture-backed companies and helps find deal and partnership opportunities, perform comprehensive due diligence and examine trends in venture capital investment, fund-raising and liquidity;
* Private Equity Analyst, timely news and critical analysis of private equity and venture capital activity, offering insight and breaking news on developments in fund-raising, investment, deal finance, liquidity, returns, and executive moves;
* Dow Jones Risk & Compliance, on risk management, regulatory compliance or corporate governance content for Anti-Corruption, Anti-Money Laundering, and Payments and Sanctions.
Dow Jones Newswires
''Dow Jones Newswires'' is the real-time financial news organization founded in 1882, its primary competitors are
Bloomberg L.P.
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan (Bloomberg), Duncan MacMi ...
and
Thomson Reuters
Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre.
Thomson Reuters was created by the Thomson Corpora ...
. The company reports more than 600,000 subscribers — including
broker
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...
s, traders, analysts, world leaders, and finance officials and
fund managers
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...
— as of July 2011.
Ventures
In 2009 Dow Jones Ventures launched FINS.com, a standalone resource for financial professionals with information about finance careers and the finance industry.
Broadcasting
In broadcasting, Dow Jones provides news content to
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
in the U.S. It produced two shows for commercial
radio
Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmit ...
, ''
The Wall Street Journal Report
''On the Money'', formerly ''The Wall Street Journal Report'', is an American syndicated weekly television program airing on weekends, and on Sunday evenings on CNBC. The program is hosted by Becky Quick. Political, business, and economic figur ...
'' on the
Wall Street Journal Radio Network
The ''Wall Street Journal'' Radio Network was the radio arm of ''The Wall Street Journal'', owned by Dow Jones.
The radio news service served over 400 radio stations across North America and provided various programming.
On November 12, 2014, Do ...
and ''
The Dow Jones Report
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the ...
''. The network was shut down in 2014.
Dow Jones also launched WSJ Live an interactive video website that provides live and on demand videos from The Wall Street Journal Video Network. Programs include "
News Hub
News HUB (formerly known as Independent News Network) is a production company based in Little Rock, Arkansas, which syndicates "localized" news programs for broadcast television stations in the United States, that have budgets limiting their ...
Lunch Break
A break at work (or work-break) is a period of time during a shift in which an employee is allowed to take time off from their job. It is a type of downtime. There are different types of breaks, and depending on the length and the employer' ...
" among others. WSJ Live was shut down in 2017.
Indices
Dow Jones sold a 90% stake in its Index business for $607.5M to
Chicago
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
, coordinates_footnotes =
, subdivision_type = Country
, subdivision_name ...
-based
CME Group
CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset class ...
, which owns the
Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an a ...
, in February 2010. A few of the most widely used include:
*
Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
The DJIA is one of the oldest and most commonly followed equity inde ...
(DJIA, "Dow 30", or often simply "The Dow")
*
Dow Jones Transportation Average The Dow Jones Transportation Average (DJTA, also called the "Dow Jones Transports") is a U.S. stock market index from S&P Dow Jones Indices of the transportation sector, and is the most widely recognized gauge of the American transportation sector. ...
*
Dow Jones Utility Average
The Dow Jones Utility Average (DJUA, also known as the "Dow Jones Utilities") is a stock index from S&P Dow Jones Indices that tracks the performance of 15 prominent utility companies traded in the United States.
Components
, the current compo ...
*
Dow Jones Composite Average
The Dow Jones Composite Average is the stock market index composed of 65 prominent companies traded on both exchanges, maintained and tracked by S&P Dow Jones Indices. The average's components include every stock from the Dow Jones Industrial Avera ...
*
The Global Dow
The Global Dow (GDOW) is a 150-stock index of corporations from around the world, created by Dow Jones & Company. Only blue-chip stocks are included in the index.
Like its progenitor, the Dow Jones Industrial Average (INDU), stocks in The Global ...
*Dow Jones Global Titans 50 Index
*Dow Jones Total Stock Market Index
*
Dow Jones Sustainability Indexes
The Dow Jones Sustainability Indices (DJSI) launched in 1999, are a family of indices evaluating the sustainability performance of thousands of companies trading publicly, operated under a strategic partnership between S&P Dow Jones Indices and R ...
*Dow Jones-UBS Commodity Indexes
*Dow Jones Target Date Indexes
NewsPicks USA
In March 2017, Dow Jones and NewsPicks Inc., a Japanese firm that develops and operates a business news platform of the same name, established a joint venture called NewsPicks USA, LLC. The joint venture is headed by CEO Ken Breen, who is currently the Senior Vice President, Commercial, for the Dow Jones Media Group, together with Chairman Yusuke Umeda, who is also the Director of NewsPicks Inc.
The joint venture launched the English version of the NewsPicks platform for the US market on November 13, 2017. Similar to the original Japanese edition, the US edition of NewsPicks combines business news from sources like ''The Wall Street Journal'', Bloomberg, and Reuters with social networking features, such as comments on news articles from top-ranked business professionals from around the world ("ProPickers"). The platform currently has a smartphone app for the iPhone with plans for release on Android in the future.
Ownership
The company's foundation was laid by Charles Dow, Edward Jones and Charles Bergstresser who, over two decades, conceived and promoted the three products which define Dow Jones and financial journalism: ''The Wall Street Journal'', Dow Jones Newswires and the Dow Jones Industrial Average.Dow Jones History
Dow Jones was acquired in 1902 by the leading financial journalist of the day, Clarence Barron.
In 2007, Dow Jones was acquired by News Corp., a leading global media company.
The Bancroft family and heirs of
Clarence W. Barron
Clarence W. Barron (July 2, 1855, in Boston, Massachusetts – October 2, 1928) was one of the most influential figures in the history of Dow Jones & Company. As a career newsman described as a "short, rotund powerhouse", he died holding the pos ...
effectively controlled the company's class B shares, each with a voting power of ten regular shares, prior to its sale to News Corp. At one time, they controlled 64% of Dow Jones voting stock.
Currently, Dow Jones is owned by Rupert Murdoch, owner of News Corp and several other major media companies.
Buyout offer
On May 1, 2007, Dow Jones released a statement confirming that
News Corporation
News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in Ne ...
, led by
Rupert Murdoch
Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
, had made an unsolicited offer of $60 per share, or $5 billion, for Dow Jones. Stock was briefly halted for pending press release. The halt lasted under 10 minutes while CNBC was receiving data. It has been suggested that the buyout offer is related to Murdoch's new cable business news channel
Fox Business
Fox Business (officially known as Fox Business Network, or FBN) is an American business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue ...
that launched in 2007. The Dow Jones brand brings instant credibility to the project.
On June 6, 2007, CEO Brian Tierney of Philadelphia Media Holdings L.L.C., owning company of ''
The Philadelphia Inquirer
''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsy ...
'', ''
Philadelphia Daily News
''Philadelphia Daily News'' is a tabloid newspaper that serves Philadelphia, Pennsylvania. The newspaper is owned by The Philadelphia Inquirer, LLC, which also owns Philadelphia's other major newspaper ''The Philadelphia Inquirer''.
The ''Dail ...
'', and Philly.com, went public in an article on Philly.com expressing interest in "joining with outside partners to buy Dow Jones." Tierney said, "We would participate as Philadelphia Media Holdings, along with other investors. We wouldn't do it alone."
In June, MySpace co-founder
Brad Greenspan
use both this parameter and , birth_date to display the person's date of birth, date of death, and age at death) -->
, death_place =
, death_cause =
, body_discovered =
, resting_place =
, resting_place_coordinates ...
put forth a bid to buy 25% of Dow Jones for $60 a share, the same price per share as News Corporation's bid. Greenspan's offer was for $1.25 billion for 25% of the company.
On July 17, 2007, ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', a unit of Dow Jones, reported that the company and News Corporation had agreed in principle on a US$5 billion takeover, that the offer would be put to the full Dow Jones board on the same evening in New York, and that the offer valued the company at 70% more than the company's market value.
Insider trading scandal
Upon investigating suspicious share price movements in the run-up to the announcement, the SEC alleged that board member
Sir David Li
Sir David Li Kwok-po (; born 13 March 1939, London, England) is a Hong Kong banker and politician. He is the Executive Chairman of the Bank of East Asia and Pro-Chancellor of the University of Hong Kong. He was a member of the Legislative C ...
, one of Hong Kong's most prominent businessmen, had informed his close friend and business associate Michael Leung of the impending offer. Leung had acted on this information by telling his daughter and son-in-law, who reaped a US$8.2 million profit from the
insider trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...
Prior to its sale to News Corp, the last members of the
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
Lewis B. Campbell
Lewis B. Campbell is the former interim CEO of Navistar International Corporation and the former CEO of Textron. He received a BSE from Duke University in 1968. After graduation, he began his career at Inland Manufacturing Division of General M ...
John Engler
John Mathias Engler (born October 12, 1948) is an American businessman and politician who served as the 46th Governor of Michigan from 1991 to 2003. A member of the Republican Party, he later worked for Business Roundtable, where '' The Hill'' ...
,
Harvey Golub
Harvey Golub (born April 16, 1939) is an American businessman.
Biography
Born to a Jewish family, Golub attended Cornell University and received a Bachelor of Science from the New York University.
He worked as a senior partner with McKinsey ...
, Leslie Hill,
Irvine Hockaday Irvine may refer to:
Places On Earth Antarctica
*Irvine Glacier
*Mount Irvine (Antarctica)
Australia
*Irvine Island
*Mount Irvine, New South Wales
Canada
*Irvine, Alberta
*Irvine Inlet, Nunavut
United Kingdom
*Irvine, North Ayrshire, Scotlan ...
,
Peter Kann
Peter R. Kann (born 1942) is an American journalist, editor, and businessman.
Early life and education
Kann was born to a Jewish family in Princeton, New Jersey. He graduated from Harvard University with a bachelor's degree in journalism.
Caree ...
, David Li,
M. Peter McPherson
Melville Peter McPherson (born October 27, 1940) is president emeritus of the Association of Public and Land-grant Universities. He previously served as a special assistant to President Gerald Ford, administrator of USAID under President Ronald ...
James Ottaway
William Cecil James Ottaway (25 July 1908 – 16 June 1999) was a British film, television and stage actor whose career spanned seven decades.William Steere.
See also
*
Closing milestones of the Dow Jones Industrial Average This article is a summary of the closing milestones of the Dow Jones Industrial Average, a United States stock market index. Since first closing at 62.76 on February 16, 1885, the Dow Jones Industrial Average has increased, despite several periods ...
*
List of assets owned by Dow Jones {{short description, None
Dow Jones is mainly a publishing company.
*Dow Jones Consumer Media Group:
** ''The Wall Street Journal''
** '' WSJ.''
*Barron's Media Group:
** ''Barron's''
** MarketWatch
** Mansion Global
** Private Equity News
** Fi ...