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

Hot Jobs

Browse Hot Jobs


Find A Local Advertising Job



    Featured Employers

    Bed Bath & Beyond BI-LO Brooks Running buybuy BABY
    C & S Companies Cabela's Incorporated Carestream Central Community College
    Christmas Tree Shops City of Hope Community Health Center, Inc. Compass Group
    Datto Dormer Pramet Estes Express Lines FCA Group
    FirstEnergy Foley Equipment Genesis Energy, L.P. Harmon
    Harveys Hobby Lobby Stores, Inc. Housing Works Ifbyphone, Inc.
    Information Services Group Integra LifeSciences InterContinental Hotels Group Interim HealthCare
    Keenan & Associates KPMG Lennox International Inc. LMI Aerospace
    NeighborWorks America Nestle Purina Northrop Grumman O'Reilly Auto Parts
    Office Depot Packaging Corporation of America Parkview Health Phillips 66
    Sandvik Sandvik Coromant Schaedler Yesco SciQuest
    Seco Tools Shimadzu Scientific Instruments, Inc. Silicon Valley Bank Sun National Bank
    T-Mobile The Children's Village The Hanover Insurance Group The Nature Conservancy
    The Scotts Miracle-Gro Company The University of New Mexico Thorlabs tronc
    TSymmetry Union of Concerned Scientists US Ecology, Inc. Vermeer Midwest
    Walter Winn Dixie

    Partners

    IHire Job Target One Click Crosspost



    Diversityworking Ads


    Post Your Resume Now

    This website has been awarded the "preferred website" status
    in the Who's Who Guide


    Trade Pub