Dow Jones & Company was founded by Edward Davis
Jones, Charles Henry Dow and Charles Milford Bergstresser, in the year
1882, with the aim of providing the world's most vital business and
financial news and information. It was started in a small basement
office, at 15 Wall Street, New York. In the very first year of its
establishment, the company started producing daily hand-written news
bulletins, called ''flimsies', which were delivered by messenger to
subscribers in the Wall Street area. In the same year, Dow Jones
Newswires was founded.
In the year 1883, Dow Jones launched 'Customers' Afternoon Letter',
followed by 'Dow Jones Indexes' and 'Down Jones Averages' (1884). Six
years later, in 1889, 'Customers' Afternoon Letter' became the 'The Wall
Street Journal'. The popularity of the paper started rising, as the time
passed. Seven years after the launch of Wall Street Journal i.e. in
1896, 'Dow Jones Industrial Average' was officially launched, comprising
of only industrial stocks. For the next few years, 'The Wall Street
Journal' continued to grow and enjoy success.
It was in the year 1921 that another addition was made to the product
offering of Dow Jones, with the launch of 'Barron's', America's premier
financial weekly. The first issue of the Pacific Coast Edition of the
Journal was rolled out eight years later, on 21st October 1929. The
decade of 1930s saw Down Jones being incorporated in New York (1930) as
well as the cessation of The Wall Street Journal's afternoon edition. In
the following decade, Dow Jones established 'The Far Eastern Economic
Review' (1946).
The year 1947 proved to be a memorable one in the history of Down Jones,
with 'The Wall Street Journal' winning its first 'Pulitzer Prize (for
editorials by William Henry Grimes). In 1970, Dow Jones took over the
Ottaway newspaper chain. Three years after the take over, the company
launched its first publishing venture in Asia 'The Far Eastern Economic
Review' (1973). This was followed by the launch of 'Asian Wall Street
Journal', in 1976. In 1979, The Wall Street Journal reached another
milestone, by becoming the largest paid-circulation newspaper in
America.
The decade of 1980s started on a prosperous note, with 'The Wall Street
Journal Radio Network' being launched (1980). Hardly three years later
i.e. in 1983, 'Wall Street Journal Europe' came into being. In 1988,
'Marketplace' became the Journal's second section, with 'Money &
Investing' being the third section. With the onset of 1990s, 'The Wall
Street Journal Classroom Edition' was founded (1991). Soon after (in
1992), Dow Jones came out with SmartMoney, The Wall Street Journal
Magazine of Personal Business, in joint venture with Hearst Corp.
The year 1995 saw Dow Jones launching 'Money & Investing Update',
which later came to be known as 'The Wall Street Journal Online at
WSJ.com'. In the next year an alliance was formed between Dow Jones and
NBC Universal, leading to the launch of CNBC. The rest of the 1990s
witnessed STOXX Ltd (1998), The Wall Street Journal Sunday (1999), The
Wall Street Journal Special Editions (1999), Factiva (1999), Vedomosti
(1999) and Wall Street Journal Books (1999) being launched. With the
dawn of the new millennium, Dow Jones unveiled 'Business Now' (2002),
followed by Dow Jones NewsPlus (2003).
In 2003, Dow Jones acquired Technologic Partners and the Stockton Record
(California). Soon after (in 2004), it founded Dow Jones Financial
Information Services, acquired Alternative Investor, took over Germany's
vwd-Vereinigte Wirtschaftsdienste GmbH and bought MarketWatch, Inc. The
Wall Street Journal Office Network was launched in 2006, followed by Dow
Jones full-ownership of Factiva. The following year, Dow Jones announced
its merger agreement with News Corporation. Its much anticipated glossy
lifestyle magazine, WSJ was launched in the next year (2008).
The Present
Dow Jones & Company has always prided itself on its accuracy,
integrity and trust, since its launch in 1882. It serves as a benchmark,
using which other organizations, involved in business news and financial
news, measure themselves. With an employee base exceeding 7,000, each of
them working hard with full dedication, the company aims at pursuing
excellence in each and every one of its operations. Its flagship
publication, The Wall Street Journal, today boasts of being the leading
business publication of the world.
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