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

    3E 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 Foley Equipment Fresco Y Mas
    Harmon Harveys Ifbyphone, Inc. Information Services Group
    Integra LifeSciences InterContinental Hotels Group Interim HealthCare Keenan & Associates
    KPMG LMI Aerospace NeighborWorks America Nestle Purina
    O'Reilly Auto Parts Office Depot Packaging Corporation of America Phillips 66
    Schaedler Yesco 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

    Partners

    IHire Job Target One Click Recruitology



    Diversityworking Ads


    Post Your Resume Now

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


    Trade Pub