Dow Jones and Company
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| Subsidiary of News Corp. | |
| Industry | News and Publishing |
| Founded | November 1882 15 Wall Street, New York City, New York, U.S. |
| Founder | Charles Dow, Edward Jones, Charles Bergstresser |
| Headquarters |
1211 Avenue of the Americas New York, NY 10036 U.S. |
|
Key people
|
William Lewis (CEO) |
| Products |
|
| Revenue |
 $1.5 billion USD (2009) |
|
$386.56 million USD (2009) |
|
| Parent | News Corp |
| Website | dowjones.com |
Dow Jones & Company is an American publishing and financial information firm that has been owned by News Corp. since 2007.
The company was best known for the publication of the Dow Jones Industrial Average and related market statistics, Dow Jones Newswire and a number of financial publications. In 2010 the Dow Jones Indexes subsidiary was sold to the CME Group and the company focused on financial news publications, including its flagship publication The Wall Street Journal and providing financial news and information tools to financial companies.
The company was led by the Bancroft family, which held 64% of voting stock, from the 1920s until 2007 when an extended takeover battle saw News Corp take control of the company.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser.
Dow Jones was acquired in 1902 by Clarence Barron, 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, which effectively controlled 64% of all voting stock, until 2007 when an extended takeover battle saw News Corporation acquire the business.
The company became a subsidiary of News Corporation after an extended takeover bid during 2007. It was reported on August 1, 2007 that the bid had been successful after an extended period of uncertainty about shareholder agreement. The transaction was completed on December 13, 2007. It was worth US$5 billion or $60 a share, giving News Corp control of The Wall Street Journal and ending the Bancroft family's 105 years of ownership.
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Wikipedia