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

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

  • 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

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

  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.