Dow Jones & Company
Dow Jones & Company is an American publishing house and since 2007 a subsidiary of News Corporation. The company's headquarters is New York.
In Europe, the Dow Jones is mostly known by the stock index Dow Jones Industrial Average. The publishing house was founded in 1882 by three reporters: Charles Dow, Edward Jones and Charles Bergstresser.
Divisions
The Dow Jones Consumer Media Group publishes The Wall Street Journal, and Barron's, MarketWatch and the Far Eastern Economic Review. The Dow Jones Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. The Dow Jones Local Media Group is the publisher of eight regional dailies and 14 weekly regional newspapers in the USA. In addition, Dow Jones delivers content to CNBC and radio stations in the United States.
The Dow Jones Indexes were introduced index with the CME Group in the joint venture Dow Jones. At this company, Dow Jones & Company holds 10%.
Dow Jones in Germany
The Dow Jones News GmbH was founded in early 2004 and the results of previously vwd Vereinigte business services GmbH powered media and publishing business away. The company is 100 percent owned Dow Jones & Company. In Germany, Dow Jones is known primarily as a news agency and for its strong position as a specialized news service in the areas of commodities and energy. Among the best known products include here Dow Jones steel monitor or Dow Jones Trade News Energy. Most foreign trade company publications, in addition to the daily newspaper ' News of Foreign Trade ' two business magazines and more focused regional and industry information services were sold on 1 April 2009 at the MBM Martin Brückner Media GmbH, which cooperates with the Dow Jones News GmbH. In January 2012, the German -language digital edition of the Wall Street Journal ( WSJ.de ) went online with a freemium business model.
Acquisition by News Corporation
The media mogul Rupert Murdoch and his News Corporation owned by him made on 2 May 2007 the publisher Dow Jones & Co. a bid of around five billion dollars ( 3.6 billion euros ) or $ 60 per share. The owner Bancroft family controlled 64 percent of the voting power of Dow Jones and Murdoch's offer considered. Within the family, there were strong reservations about Murdoch, as if he were standing in the call to use his music to political campaigns. However, the resistance against Murdoch's offer was inconsistent and indecisive. The staff of the Wall Street Journal was disappointed by the indecision of Bancroft, many journalists wanted to forestall a feared mass dismissal and become self-employed or switch.
The German publisher Georg -Dieter von Holtzbrinck retired in July 2007 as a protest against Murdoch takeover offer from the Board of Directors of Dow Jones & Co. back.
The California Internet entrepreneur Brad Greenspan, who had fought as a former ten-percent owner of MySpace unsuccessfully already against Murdoch takeover, beat mid-2007, the Bancroft's an alternative plan before: Those members of the Bancroft family, who did not want to sell, should by him a loan accommodate from 400 to 600 million U.S. dollars; so that they could take over the shares of the willing to sell family members. Following this, the toll so far online edition of the Wall Street Journal should be converted into a largely free "social networking site" with a lot of video content. However, this offer only serves as a flanking measure for establishing your own financial television. Greenspan expected shortly in the field of financial news online as well as wired a global market leader in the Wall Street Journal.
On 1 August 2007, the Bancroft family finally accepted an improved offer from Murdoch. The acquisition of the publishing house by the News Corporation was completed on 13 December 2007 with the payment of a total of 5.6 billion U.S. dollars, with the editorial independence was guaranteed. Thus, the 105 -year control of the Bancroft family ended through the publisher Dow Jones & Co., where she held a majority stake since 1902.