Dow Jones & Company
|Dow Jones & Company
|New York City
|Les Hinton, CEO; Robert Thomson, Managing Editor
|Consumer, enterprise and local media, stock indexes and marketing, conferences
The U.S. media and information group is behind two of the financial world's most storied information brands - the Wall Street Journal and the Dow Jones Industrial Average, as well as Dow Jones Newswires, MarketWatch and a stable of specialist financial titles. The company was acquired in mid-2007 by Rupert's Murdoch's News Corporation.
Its best-known media product is the NYC-based Wall Street Journal (WSJ), which publishes editions in the U.S., Europe and Asia and operates the wsj.com Web site. The company also owns Barron's and Financial News and the Hong Kong-based Far Eastern Economic Review. .
News Corp. chairman Rupert Murdoch offered $5 billion for Dow Jones, a significant premium to its market value. The bid triggered a protracted debate among members of the founding Bancroft family, who still controlled the listed company. News Corp.'s offer was accepted after a number of safeguards were introduced to protect the editorial independence of the company's media outlets. Murdoch installed Les Hinton, the former head of News Corp.'s U.K. operations, as CEO. Robert Thomson, a former Financial Times journalist, was appointed managing editor of the WSJ and Newswires operations.
Dow Jones Indexes creates, markets and licenses market-benchmark indexes including the U.S. stock-benchmark Dow Jones Industrial Average and Dow Jones-AIG Commodity Index. It also runs Factiva, a premium media-archive database and content-provider with 1.8 million paid subscribers, including 80 percent of the Fortune Global 500.