Marketwatch Bought
Published 3 years, 10 months ago in publishing + contentBig news in the web world folks:
Dow Jones to buy MarketWatch for $520M
“Joining Dow Jones is a great next step for MarketWatch,” Larry Kramer, chairman and chief executive officer of MarketWatch, said in a statement. “Being part of one of theİmost respected media conglomerates in the world gives us a terrific platform to grow our business and compete with the largest media companies. By combining Dow Jones’ legendary brands, infrastructure and valuable strategic alliances with MarketWatch’s award-winning newsroom and comprehensive suite of business and analytical tools, this transaction supports our mission to be the market leader in licensed and advertising supported financial news and information.”
Peter R. Kann, chairman and CEO of Dow Jones, said, “We welcome our new MarketWatch colleagues with great admiration for the success they have achieved and high anticipation of what we can achieve together to benefit our readers and our customers.”
Dow Jones historically has not been focused on the ad-sales supported Internet business. Its major assets include the Wall Street Journal and the subscription Web site WSJ.com, Barron’s magazine and Barron’s online, the Dow Jones Newswires and Ottaway Community Newspapers.
Glad to hear that Dow Jones won the bidding… it’s a perfect match, in my opinion. I hope they can integrate WSJ.com and Marketwatch.com well.
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