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Murdoch On WSJ’s NYC Edition: ‘Ready To Give NY Post Some Competition’—And One Unnamed Paper Too

Mar 2, 2010 1:38 PM

In a speech before the Real Estate Board of New York, Rupert Murdoch finally acknowledged that WSJ will launch its special New York metro edition in April. The other part everyone already knew—but has gone otherwise unsaid, publicly at least—is that the section is being aimed at challenging the NYT’s…

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Posted In: Advertising, Local, Media & Publishing, Newspapers, Companies, News Corp., Dow Jones, Wall Street Journal, rupert murdoch

It’s Official: Dow Jones Acquires SmartMoney Stake From Hearst

Mar 2, 2010 9:31 AM

As expected, Dow Jones (NYSE: NWS) has bought the remaining 50 percent stake in personal finance mag SmartMoney from Hearst. The financial terms weren’t disclosed. In addition to the magazine, Dow Jones will own 100 percent of the related website along with the SmartMoney Custom Solutions unit. In a statement,…

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Posted In: Media & Publishing, Magazines, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Hearst, News Corp., Dow Jones, smartmoney

New York Newspaper War: WSJ Making Moves To Break NYT’s Hold On Big Retailers

Feb 25, 2010 11:58 PM

The WSJ has been targeting the NYT’s luxury retail advertisers for over a year, but with the expected debut of the News Corp-owned paper’s NYC metro section in April, the ad war will officially begin, AdAge reports. While the NYT has expressed confidence in its ability to maintain its long-standing…

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Posted In: Advertising, Local, Marketing, Media & Publishing, Newspapers, Companies, New York Times, News Corp., Dow Jones, Wall Street Journal

Dow Jones In Negotiations With Hearst To Buy Remaining Half Of SmartMoney

Feb 23, 2010 12:16 PM

Dow Jones (NYSE: NWS) wants to buy the 50 percent stake it doesn’t currently have in personal finance mag SmartMoney from Hearst, the WSJ reports, citing unidentified sources. No word on what price DJ is offering for the magazine, though a deal could be hammered out by next week. The…

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Posted In: Media & Publishing, Magazines, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Hearst, News Corp., Dow Jones, smartmoney

MarketWatch Launches Paid Newsletter ‘Revolution Investing’; More Premium Offerings To Come

Feb 21, 2010 10:55 PM

While others are trying to figure out how to charge for their content, Dow Jones’ financial news site MarketWatch is plowing ahead with plans for several new pay-to-subscribe newsletters. On Monday, MarketWatch will unveil Revolution Investing, a premium newsletter aimed at traders for an annual fee of $199; the early-bird…

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Posted In: Media & Publishing, Online News, Companies, News Corp., Dow Jones, marketwatch

Dow Jones Reboots Financial News, Retains As Standalone Site

Feb 15, 2010 7:57 AM

While Murdoch’s footsoldiers rush to charge for consumer news like WSJ.com does for biz content, and while WSJ.com itself continues its European expansion, one part of the pie is often overlooked… Financial News, DJ’s subscription site covering the London securities market, has redesigned and maintained its place in the Wall…

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Posted In: Companies, News Corp., Dow Jones, Wall Street Journal

Updated: Dow Jones Forms JV To Run Stock-Indexing Unit In $600 Million Deal

Feb 10, 2010 3:10 PM

Update: Dow Jones has issued a release saying it is forming a joint venture with CME Group to operate a global financial index services business. The business is valued at $607.5 million. The new joint venture will also raise roughly $613 million in third-party debt which will be used to…

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Posted In: Media & Publishing, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., Dow Jones

Earnings
News Corp. Returns To Profit; Newspapers/Info Segment Rose Nearly 30 Percent

Feb 2, 2010 4:03 PM

News Corp earnings were up across the board, as the company swung to a profit of $254 million ($0.10) in Q4, reversing $6.4 billion loss. The company said this reflected double-digit growth at its “majority business segments.” Even the newspaper/information segment was up, gaining 29.5 percent over last year’s period.…

EPS* Rev. vs Q408 Net Inc. vs Q408
News Corp. Release Beat Analysts' Estimates Revenue Indicator 10.3% Net Income Indicator 97%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Media & Publishing, Newspapers, Money, Earnings, Companies, News Corp., BSkyB, Dow Jones, Wall Street Journal, Fox, Fox Interactive Media, MySpace

Brauchli Got $6.4 Million For One-Year WSJ Stint

Feb 2, 2010 2:52 PM

Current Washington Post editor Marcus Brauchli exited his one-year stint as managing editor of the WSJ with $6.4 million, Politico says, citing a new book about News Corp.‘s purchase of the newspaper’s parent, Dow Jones (NYSE: NWS), a little more than two years ago.

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Posted In: Media & Publishing, Newspapers, Money, Companies, News Corp., Dow Jones, Wall Street Journal, marcus brauchli

WSJ Adds Travel Booking Services To Its Wine Business

Jan 28, 2010 3:05 PM

With advertising still struggling, the WSJ is expanding its commerce offerings by getting into travel services. The site, WSJ Travel, will sell and promote vacation packages. Dow Jones (NYSE: NWS), the WSJ’s parent, makes it clear that the travel site is separate from the paper’s editorial side. The travel effort…

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Posted In: Marketing, Media & Publishing, Newspapers, Companies, News Corp., Dow Jones, Wall Street Journal

Industry Moves
Kucharz Leaves IAC-DJ’s FiLife To Head CBS Local Digital Media; Wiener Promoted To GM

Jan 26, 2010 1:15 PM

A little more than a year after joining FiLife as president and general manger, Ezra Kucharz is leaving to become president of CBS (NYSE: CBS) Local Digital Media. FiLife is the personal finance joint venture between IAC (NSDQ: IACI) and Dow Jones (NYSE: NWS)—and both credit Kucharz with turning around…

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Posted In: Industry Moves, Companies, CBS, IAC, News Corp., Dow Jones, adam wiener, ezra kucharz, filife

Industry Moves
Dow Jones Reorg Continues; McLeod Keeps Digital; Memo

Jan 25, 2010 12:56 PM

Less than a month after the surprise announcement that Todd Larsen had been promoted to president of Dow Jones and Clare Hart was out, Larsen is filling in his own org chart for the combined consumer and enterprise businesses. The new set up is divided into five business groups, each…

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Posted In: Industry Moves, Media & Publishing, B2B, Newspapers, Online News, Companies, News Corp., Dow Jones, Wall Street Journal, todd larsen

Industry Moves
Larsen Moves Up In DJ Reorg Combining Enterprise, Consumer; Hart Is Out; Hinton Explains In Memo

Jan 4, 2010 4:43 PM

A new year and a new org chart for Dow Jones (NYSE: NWS) & Company: Clare Hart, president of the Enterprise Media Group and an EVP, is leaving and Todd Larsen is the survivor, moving to president of Dow Jones and heading all business ops as the company combines its…

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Posted In: Industry Moves, Media & Publishing, Newspapers, Online News, Companies, News Corp., Dow Jones, Wall Street Journal

Two Dow Jones Local Papers Prep Paywalls; No Similar Plans Yet For Other DJ Locals

Dec 21, 2009 12:53 PM

News Corp (NYSE: NWS) is expanding its online pay efforts in the U.S. Two of the eight newspaper publishers in the Dow Jones Local Media Group will start charging for at least partial access to their respective websites next year. The two newspaper groups, Massachusetts’ SouthCoast Media Group, publisher of…

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Posted In: Media & Publishing, Newspapers, Online News, Companies, News Corp., Dow Jones

WSJ, MarketWatch and NY Post Subscriptions Coming To Sony E-Reader

Dec 17, 2009 10:13 AM

Sony (NYSE: SNE) has struck a deal with News Corp (NYSE: NWS). that gives the electronics company the opportunity to sell subscriptions to the WSJ digital edition of the WSJ, as well its Dow Jones sibling MarketWatch, plus exclusive rights the digitized New York Post, on its Daily Edition e-reader.…

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Posted In: Media & Publishing, Books, eReaders, Companies, News Corp., Dow Jones, Wall Street Journal, Sony

Industry Moves
Delaney Promoted To WSJ ‘Digital Czar’ (aka Managing Editor, WSJ Online)

Dec 15, 2009 6:47 PM

More change in the Wall Street Journal edit ranks, this time spurred by the defection of Nik Deogun to CNBC. Rebecca Blumenstein, who had been managing editor for online, was promoted to International Editor/DME, taking Deogun’s spot in the WSJ edit “troika” made of the three deputy managing editors heading…

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Posted In: Industry Moves, Media & Publishing, Online News, Companies, News Corp., Dow Jones, Wall Street Journal

In WSJ Op-Ed, Rupe Offers His Two Cents On Free News

Dec 8, 2009 1:27 PM

You could almost hear Rupert Murdoch choking on his Corn Flakes last week, when reading - in his own paper, the WSJ - Eric Schmidt’s defensive op-ed that “frustrated newspaper executives are looking for someone to blame” for their travails. So Rupe has done what comes pretty easily; he’s penned…

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Posted In: Media & Publishing, Newspapers, Online News, Companies, Google, News Corp., Dow Jones, Wall Street Journal

Thomson: Up To 290 WSJ Reporters Would Be Jobless If Site Had Gone Free

Dec 1, 2009 5:00 PM

WSJ Managing Editor Robert Thomson is known for his one-line zingers. He famously told Google (NSDQ: GOOG) VP Marissa Mayer earlier this fall that her search engine was encouraging “promiscuity.” He also riled some writers at the WSJ just after his arrival by declaring that some of the paper’s longer-form…

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Posted In: Media & Publishing, Newspapers, Online News, Companies, News Corp., Dow Jones, Wall Street Journal

@ World Newspaper Congress: Dow Jones CEO: Beware of Geeks Bearing Gifts

Dec 1, 2009 6:38 AM

At the World Newspaper Congress here in Hyderabad this afternoon, Dow Jones (NYSE: NWS) CEO Les Hinton came out swinging against the world in general, as is the wont of every News Corp exec these days. More specifically, against “geeks bearing gifts”, “false gospel of the Web” and “out &…

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Posted In: Companies, News Corp., Dow Jones, les hinton

Dow Jones’ Sale Price Of Fin Solutions Shockingly Low: $13.5 Million, On $14 Million of Revs

Nov 25, 2009 11:18 AM

Yesterday the news came out that Dow Jones (NYSE: NWS), as part of its continued string of divestitures, had sold off its Online Financial Solutions business to Interactive Data Corp. The OFS assets were formerly part of MarketWatch Licensing Services, before DJ bought MarketWatch in 2005. Most of the parts…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., Dow Jones, idc, marketwatch

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