UPDATE 3-Dow Jones exploring sale of indexes business-WSJ


By : * Dow Jones talking to buyers about indexes
Date posted :2009-08-21 18:56:00

* Talks could lead to sale or joint venture (Adds background)

NEW YORK, Aug 21 (Reuters) - Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock market index business, including the Dow Jones industrial average .DJI, the company's Wall Street Journal reported on its website.

WSJ.com, citing people familiar with the matter, reported on Friday that Goldman Sachs (GS.N) is leading the discussions on behalf of Dow Jones, a division of Rupert Murdoch's News Corp (NWSA.O), since it was purchased in 2007 for $5.7 billion.

Since then, Murdoch has come under criticism for paying such a hefty price for a publishing company whose businesses have suffered from the sharp drop in ad sales. Earlier this year, News Corp wrote down $2.8 billion in Dow Jones' value.

Even though the index business is not dependent on advertising -- making it a steadier revenue source for Dow Jones during downturns -- industry analysts never felt it was much favored by Murdoch, a passionate backer of newspapers and one of the best-known media moguls.


Read the full article.

[Back to Previous Page]



Featured Jobs

Browse Featured Jobs

Employers post a job here

New Jobs

Browse New Jobs


Find A Local Advertising Job



    Featured Employers

    3E Bed Bath & Beyond BI-LO Brooks Running
    buybuy BABY C & S Companies Cabela's Incorporated Carbonite
    Carestream Central Community College Christmas Tree Shops City of Hope
    Community Health Center, Inc. Compass Group Datto Foley Equipment
    Fresco Y Mas Harbor Freight Tools Harmon Harveys
    Ifbyphone, Inc. Information Services Group Integra LifeSciences InterContinental Hotels Group
    Interim HealthCare Interstate Batteries Keenan & Associates KPMG
    LMI Aerospace NeighborWorks America Nestle Purina O'Reilly Auto Parts
    Office Depot Packaging Corporation of America Phillips 66 Schaedler Yesco Distribution, Inc.
    Shimadzu Scientific Instruments, Inc. Southeastern Grocers Sun National Bank The Children's Village
    The Hanover Insurance Group The Nature Conservancy The Scotts Miracle-Gro Company Thorlabs
    tronc TSymmetry Union of Concerned Scientists US Ecology, Inc.
    Vermeer Midwest Winn Dixie World Market YRCI

    Partners

    Job Target One Click Recruitology