The Wall Street Journal
The Wall Street Journal is a U. S. business-focused, English-language international daily newspaper based in New York City. The Journal, along with its Asian and European editions, is published six days a week by Dow Jones & Company, a division of News Corp; the newspaper is published in online. The Journal has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, Charles Bergstresser; the Wall Street Journal is one of the largest newspapers in the United States by circulation, with a circulation of about 2.475 million copies as of June 2018, compared with USA Today's 1.7 million. The Journal publishes the luxury news and lifestyle magazine WSJ, launched as a quarterly but expanded to 12 issues as of 2014. An online version was launched in 1996, accessible only to subscribers since it began; the newspaper is notable for its award-winning news coverage, has won 37 Pulitzer Prizes. The editorial pages of the Journal are conservative in their position. The"Journal" editorial board has promoted fringe views on the science of climate change, acid rain, ozone depletion, as well as on the health harms of second-hand smoke and asbestos.
The first products of Dow Jones & Company, the publisher of the Journal, were brief news bulletins, nicknamed "flimsies", hand-delivered throughout the day to traders at the stock exchange in the early 1880s. They were aggregated in a printed daily summary called the Customers' Afternoon Letter. Reporters Charles Dow, Edward Jones, Charles Bergstresser converted this into The Wall Street Journal, published for the first time on July 8, 1889, began delivery of the Dow Jones News Service via telegraph. In 1896, The "Dow Jones Industrial Average" was launched, it was the first of several indices of bond prices on the New York Stock Exchange. In 1899, the Journal's Review & Outlook column, which still runs today, appeared for the first time written by Charles Dow. Journalist Clarence Barron purchased control of the company for US$130,000 in 1902. Barron and his predecessors were credited with creating an atmosphere of fearless, independent financial reporting—a novelty in the early days of business journalism.
In 1921, Barron's, the United States's premier financial weekly, was founded. Barron died in 1928, a year before Black Tuesday, the stock market crash that affected the Great Depression in the United States. Barron's descendants, the Bancroft family, would continue to control the company until 2007; the Journal took its modern shape and prominence in the 1940s, a time of industrial expansion for the United States and its financial institutions in New York. Bernard Kilgore was named managing editor of the paper in 1941, company CEO in 1945 compiling a 25-year career as the head of the Journal. Kilgore was the architect of the paper's iconic front-page design, with its "What's News" digest, its national distribution strategy, which brought the paper's circulation from 33,000 in 1941 to 1.1 million at the time of Kilgore's death in 1967. Under Kilgore, in 1947, the paper won its first Pulitzer Prize for William Henry Grimes's editorials. In 1967, Dow Jones Newswires began a major expansion outside of the United States that put journalists in every major financial center in Europe, Latin America and Africa.
In 1970, Dow Jones bought the Ottaway newspaper chain, which at the time comprised nine dailies and three Sunday newspapers. The name was changed to "Dow Jones Local Media Group".1971 to 1997 brought about a series of launches and joint ventures, including "Factiva", The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, Dow Jones Indexes, MarketWatch, "WSJ Weekend Edition". In 2007, News Corp. acquired Dow Jones. WSJ. A luxury lifestyle magazine, was launched in 2008. A complement to the print newspaper, The Wall Street Journal Online, was launched in 1996 and has allowed access only by subscription from the beginning. In 2003, Dow Jones began to integrate reporting of the Journal's print and online subscribers together in Audit Bureau of Circulations statements. In 2007, it was believed to be the largest paid-subscription news site on the Web, with 980,000 paid subscribers. Since online subscribership has fallen, due in part to rising subscription costs, was reported at 400,000 in March 2010.
In May 2008, an annual subscription to the online edition of The Wall Street Journal cost $119 for those who do not have subscriptions to the print edition. By June 2013, the monthly cost for a subscription to the online edition was $22.99, or $275.88 annually, excluding introductory offers. On November 30, 2004, Oasys Mobile and The Wall Street Journal released an app that would allow users to access content from the Wall Street Journal Online via their mobile phones. Many of The Wall Street Journal news stories are available through free online newspapers that subscribe to the Dow Jones syndicate. Pulitzer Prize–winning stories from 1995 are available free on the Pulitzer web site. In September 2005, the Journal launched a weekend edition, delivered to all subscribers, which marked a return to Saturday publication after a lapse of some 50 years; the move was designed in part to attract more consumer advertising. In 2005, the Journal reported a readership profile of about 60 percent top management, an average income of $191,000, an average household net worth of $2.1 million, an average age of 55.
In 2007, the Journal launched a worldwide expansion of its website to include major foreign-language editions. The p
Dow Jones & Company
Dow Jones & Company is an American publishing and financial information firm, 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, 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 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, 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. In 2010, the company sold 90% of Dow Jones Indexes to the CME Group, including the Dow Jones Industrial Average, its flagship publication, The Wall Street Journal, is a daily newspaper in print and online covering business, financial national and international news and issues around the globe. It began publishing on July 8, 1889. There are 12 versions of the Journal in nine languages, including English, Japanese, Spanish, Bahasa and Korean.
The Journal holds 35 Pulitzer Prizes for outstanding journalism. Other consumer-oriented publications of Dow Jones include Barron's Magazine, a weekly overview of the world economy and markets and MarketWatch, the online financial news site. Financial News provides news on investment banking and asset management. BigCharts, provided by MarketWatch's Virtual Stock Exchange Games, includes stock charts, interactive charting, research tools. Professor Journal, is a "Journal" in education program for professors to integrate into curriculum. In 2017, Dow Jones launched Moneyish, a lifestyle and personal finance website aimed at millennial readers. Dow Jones published Heat Street, an online news and opinion website launched in February 2016, folded into MarketWatch; the monthly journal Far Eastern Economic Review closed in September 2009. Dow Jones serves corporate markets and financial markets clients with financial news and information products and services, its products combine technology tools to help drive decisions.
Dow Jones owns more than 20 products that combine content and technology to help drive decisions which include. Dow Jones FX Select, delivers real-time, breaking global FX news, expert trend analysis and in-depth policy commentary in 13 languages, it provides data on venture-backed companies, including their investors and executives, in every region and stage of development throughout the world. Private Equity Analyst, timely news and critical analysis of private equity and venture capital activity. Offers exclusive insight and breaking news on developments in fund-raising, deal finance, returns, executive moves and more. Dow Jones Risk & Compliance, on risk management, regulatory compliance or corporate governance content for Anti-Corruption, Anti-Money Laundering, Payments & Sanctions and more. Dow Jones Newswires is the real-time financial news organization founded in 1882, its primary competitors are Bloomberg L. P. and Thomson Reuters. The company reports more than 600,000 subscribers — including brokers, analysts, world leaders, finance officials and fund managers — as of July 2011.
In 2009 Dow Jones Ventures launched FINS.com, a standalone resource for financial professionals with information about finance careers and the finance industry. In broadcasting, Dow Jones provides news content to CNBC in the U. S, it produced two shows for commercial radio, The Wall Street Journal Report on the Wall Street Journal Radio Network and The Dow Jones Report. The network was shut down in 2014. Dow Jones launched WSJ Live an interactive video website that provides live and on demand videos from The Wall Street Journal Video Network. Programs include "News Hub", "MoneyBeat", "Lunch Break" among others. WSJ Live was shut down in 2017. Dow Jones sold a 90% stake in its Index business for $607.5M to Chicago-based CME Group, which owns the Chicago Mercantile Exchange, in February 2010. A few of the most used include: Dow Jones Industrial Average Dow Jones Transportation Average Dow Jones Utility Average Dow Jones Composite Average The Global Dow Dow Jones Global Titans 50 Index Dow Jones Total Stock Market Index Dow Jones Sustainability Indexes Dow Jones-UBS Commodity Indexes Dow Jones Target Date Indexes In March 2017, Dow Jones and NewsPicks Inc. a Ja
News International phone hacking scandal
The News International phone-hacking scandal was a controversy involving the now defunct News of the World and other British newspapers published by News International, a subsidiary of News Corporation. Employees of the newspaper were accused of engaging in phone hacking, police bribery, exercising improper influence in the pursuit of stories. Whilst investigations conducted from 2005 to 2007 appeared to show that the paper's phone hacking activities were limited to celebrities and members of the British Royal Family, in July 2011 it was revealed that the phones of murdered schoolgirl Milly Dowler, relatives of deceased British soldiers, victims of the 7 July 2005 London bombings had been hacked; the resulting public outcry against News Corporation and its owner Rupert Murdoch led to several high-profile resignations, including that of Murdoch as News Corporation director, Murdoch's son James as executive chairman, Dow Jones chief executive Les Hinton, News International legal manager Tom Crone, chief executive Rebekah Brooks.
The commissioner of London's Metropolitan Police Service, Sir Paul Stephenson resigned. Advertiser boycotts led to the closure of the News of the World on 10 July 2011, after 168 years of publication. Public pressure shortly forced News Corporation to cancel its proposed takeover of the British satellite broadcaster BSkyB; the prime minister David Cameron announced on 6 July 2011 that a public inquiry, known as the Leveson Inquiry, would look into phone hacking and police bribery by the News of the World, consider the wider culture and ethics of the British newspaper industry and that the Press Complaints Commission would be replaced "entirely". A number of arrests and convictions followed, most notably of the former News of the World managing editor Andy Coulson. Murdoch and his son, were summoned to give evidence at the Leveson Inquiry. Over the course of his testimony, Rupert Murdoch admitted that a cover-up had taken place within the News of the World to hide the scope of the phone hacking.
On 1 May 2012, a parliamentary select committee report concluded that Murdoch "exhibited wilful blindness to what was going on in his companies and publications" and stated that he was "not a fit person to exercise the stewardship of a major international company". On 3 July 2013, Channel 4 News broadcast a secret tape in which Murdoch dismissively claims that investigators were "totally incompetent" and acted over "next to nothing" and excuses his papers' actions as "part of the culture of Fleet Street". By 2002, an organised trade in confidential personal information had developed in Britain and was used by the British newspaper industry. Illegal means of gaining information used included hacking the private voicemail accounts on mobile phones, hacking into computers, making false statements to officials, blackmail, theft of mobile phones and making payments to public officials. Private investigators who were illegally providing information to the News of the World were engaged in a variety of other illegal activities.
Between 1999 and 2003, several were convicted for crimes including drug distribution, the theft of drugs, child pornography, planting evidence and perverting the course of justice. Jonathan Rees and his partner Sid Fillery, a former police officer, were under suspicion for the murder of private investigator Daniel Morgan; the MPS undertook an investigation of Rees, entitled Operation Nigeria, tapped his telephone. Substantial evidence was accumulated that Rees was purchasing information from improper sources and that, amongst others, Alex Marunchak of the News of the World was paying him up to £150,000 a year for doing so. Jonathan Rees bought information from former and serving police officers, Customs officers, a VAT inspector, bank employees and from blaggers who would telephone the Inland Revenue, the DVLA, banks and phone companies, deceive them into releasing confidential information. Rees sold the information to the News of the World, the Daily Mirror, the Sunday Mirror and the Sunday Times.
The Operation Nigeria bugging ended in September 1999 and Rees was arrested when he was heard planning to plant drugs on a woman so that her husband could win custody of their child. Rees served a five-year prison sentence. Other individuals associated with Rees who were taped during Operation Nigeria, including Detective Constable Austin Warnes, former detective Duncan Hanrahan, former Detective Constable Martin King and former Detective Constable Tom Kingston, were prosecuted and jailed for various offences unrelated to phone hacking. In June 2002, Fillery had used his relationship with Alex Marunchak to arrange for private investigator Glenn Mulcaire doing work for News of the World, to obtain confidential information about Detective Chief Superintendent David Cook, one of the police officers investigating the murder of Daniel Morgan. Mulcaire obtained Cook's home address, his internal Metropolitan police payroll number, his date of birth and figures for his mortgage payments as well as physically following him and his family.
Attempts to access Cook's voicemail and that of his wife, hack his computer and intercept his post were suspected. Documents held by Scotland Yard show that "Mulcaire did this on the instructions of Greg Miskiw, assistant editor at News of the World and a close friend of Marunchak." The Metropolitan Police Service handled this apparent attempt by agents of the News of the World to interfere with a murder inquiry by having informal discussions with Rebekah Brooks editor for the newspaper. "Scotland Yard took no further action reflecting the desire of Dick Fedorcio, Director of Public Affairs and Internal Communicatio
WSJ. or WSJ. Magazine, intended to be a monthly magazine named Pursuits, is a luxury glossy news and lifestyle monthly magazine by the publishers of The Wall Street Journal, it features luxury consumer products advertisements and is distributed to subscribers in large United States markets as well as throughout Europe and Asia. Its coverage spans art, entertainment, food, architecture and more. Kristina O’Neill is Editor in Chief and Anthony Cenname is Publisher. Launched as a quarterly in 2008, the magazine grew to 12 issues a year for 2014; the magazine is distributed within the U. S. Weekend Edition of The Wall Street Journal newspaper, the European and Asian editions, is available on WSJ.com. Each issue is available throughout the month in The Wall Street Journal’s iPad app. With its tagline "The Luxury of Choice", the magazine began operations with an advertising business model that allowed for free delivery to select readers, it followed a trend of contemporaneous new luxury magazines many of which were delivered as part of free subscriptions that supplemented other subscriptions or memberships.
Since it is leveraging a high-end subset of The Wall Street Journal with favorable demographics, many expected the magazine to be successful. The magazine was sent as an insert with September 6, 2008 weekend home delivery in the seventeen largest United States The Wall Street Journal subscription markets as well as the September 5 editions of the Wall Street Journal Europe and Wall Street Journal Asia. By selecting these markets, it began with a readership of 960,000; the magazine is available with newsstand purchases of the newspaper in the selected domestic markets, its content is available for free online at www.wsj.com. In addition, this readership has greater wealth, higher income, takes more than twice as many international leisure trips than the readership of the newspaper; this is notable because the readership of the newspaper spent more on women's apparel than the readers of Vogue and more on leisure travel than the readers of Travel & Leisure. The launch press release was sent in English, German, Japanese, Simplified Chinese, Traditional Chinese.
The September 6 debut had been announced nearly a year earlier. The magazine was unveiled at the Pierpont Morgan Library on September 3, 2008; the unveiling was led by its publisher. Editor in chief, it has been compared to How To Spend It, the weekend magazine of the Financial Times, T magazine, a New York Times offshoot, Style & Design, a spinoff of Time, Departures, a magazine distributed for free to American Express platinum and black cardholders. Gaudoin had previously worked for Tatler, Harper's Bazaar and Vogue and helped to launch the women's magazine Frank. In 2008, luxury magazines had become the new wave of print media; these aforementioned similar magazines have succeeded at both giving free luxury magazine subscriptions to a selected elite audience and hoping that they would read them so that the magazine could sell advertising. This magazine is considered to be a similar bet on the viability for the luxury advertising revenues market. Nearly half of the advertiser bought globally in the United States and Asia and many advertisers committed to advertising deals for all of next year.
Some advertisers committed for two years. The Wall Street Journal launched its weekend newspaper edition, which its publisher, Dow Jones & Company, described as the first and only Saturday morning national weekend newspaper, on September 17, 2005; when the weekend newspaper was launched, it had the highest circulation of any national newspaper published on Saturday. Prior to the launch of the weekend edition, The Wall Street Journal had only been delivered to business addresses. With the home delivery aspect of the weekend edition, the possibility of supplemental weekend luxury magazine arose; the original name Pursuits had been publicized as a section of the newly launched weekend edition of the magazine. In December 2009, WSJ. announced plans to expand domestic circulation beyond the 17 largest domestic markets to the entire domestic subscription base, which nearly doubled its domestic circulation from 800,000 to 1.5 million. In addition the frequency of distribution was expanded from 4 to 6 times per year.
In order to increase the frequency a May and an October edition were added to the March, June and December 2010 distribution schedule. At the time of the expansion, the magazine claimed its first fifteen months of its first six issues had been a success during which the magazine attracted 64 new subscribers to the Journal's franchise. Deborah Needleman replaced Tina Gaudoin in 2010. After Needleman left for T in 2012, she was replaced by Kristina O’Neill. In 2012, 2013 and 2014, the magazine increased its publication frequency to 10, 11 and 12 times per year, respectively; when Pursuits was marketed, the plan was for it to be a monthly magazine. The magazine is oversized to be as large, its specs are 9.875 by a 50-50 ad-to-edit ratio on a 60-pound paper stock. The premiere issue of WSJ. had 104 pages in the U. S. and 80 pages in the Europe and Asia editions. It included 51 advertisers; the initial cover featured