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Dow Jones: Financial Journal
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Dow Jones ... said it expects ad volume at the Journal to decline 10-12% in the first quarter from a year ago. Ad volume fell 8.2% in the fourth quarter at the Journal and 2.3% at Barron's, which published one fewer issue, compared with some gains in its overseas Journal editions and Ottaway Newspapers group. All of Dow Jones' publishing properties ended the year with a lower ad volume than in 2001.
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GE, based in Fairfield, Connecticut, isn't interested in buying Dow Jones, Chief Executive Officer Jeffrey Immelt said yesterday in a brief interview in Boston. Washington Post Chief Financial Officer John Morse wouldn't comment. Jon Murchinson, spokesman for Mountain View, California-based Google, declined to comment, as did Tara Connell, spokeswoman for McLean, Virginia-based Gannett.
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"After winning awards from consumer publications like PC World, receiving this award from Dow Jones adds support to our vision of the future of computing," says Mark Lee, CEO of DeviceVM. "Consumers want a faster and easier computing experience, and the financial community sees the broad potential of Splashtop."
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Dow and Jones joined in a news-exchange agreement with Clarence Barron, the proprietor of the Boston News Bureau. Barron had begun to publish a financial newspaper in Boston two years before the Wall Street Journal was founded, and the two offices, the Journal's in New York and Barron's in Boston, reinforced one another's coverage, with the aggressive Barron expanding into Philadelphia with his Financial Journal in 1896.
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The NY Times reports that News Corp. and Dow Jones are close to coming to terms on the stickiest point of the proposed acquisition: editorial independence. And the Journal reports, “Talks have speeded up ever since the Bancrofts last week gave Dow Jones’s board the power to negotiate with News Corp. Both sides described the negotiations as constructive, and said that an agreement in principle for News Corp. to acquire Dow Jones could come together quickly. ” (WSJ sub. req. for second link)
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"Mr. Murdoch has shown a willingness to crush quality and independence, and there is no reason to think he would handle Dow Jones or The Journal any differently," the union said. "Despite our differences of opinion with current management, we strongly encourage the Bancrofts to continue to stand up for the institution's independence, and to walk away from this offer."
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