Tag Archives: Dow Jones & Co.

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Dow Jones files lawsuit against Ransquawk


Jason Conti, senior vice president and deputy general counsel and chief compliance officer for Dow Jones & Co., the parent of The Wall Street Journal, posted the following online on Thursday:

We produce scoops, uncover wrongdoing and aim to keep our readers informed on a broad range of topics through the hard work of nearly 2000 Wall Street Journal and Dow Jones journalists around the world.

So it’s no surprise that we refuse to sit back when others swoop in to swipe our content.  Today we filed a lawsuit to hold one such offender accountable:  Real-Time Analysis & News, Ltd.—otherwise known as “Ransquawk”.

Subscribers to Dow Jones’s DJX product pay for a host of benefits, including the earliest access to our unrivaled journalism.  These DJX subscribers get DJ Dominant, a real-time news feed that includes first access to exclusive news and analysis uncovered by our reporters.

Ransquawk runs a web site and “squawk” service that blasts out real-time news relevant to traders and others.  Ransquawk has somehow obtained access to our exclusive feed and is “squawking” out our content, verbatim, within seconds of it being published.  Ransquawk sells both its audio squawks and an accompanying scrolling headline feed to its customers who no doubt have a need for access to timely, potentially market-moving news – exactly the sort of news that Dow Jones’s journalists break every day.

Since Ransquawk doesn’t engage in much newsgathering, they take content from news organizations like ours in order to produce their squawks and headlines.  They’re systematically copying, pasting, and selling our journalists’ work.   They don’t have permission to do this, but from their response to our cease and desist letter, they don’t seem to care.

Read more here.

Gerard Baker

So, what is Gerard Baker’s title at the WSJ?


Joe Pompeo of Capital New York examines whether the top editor at The Wall Street Journal, Gerard Baker, should be called managing editor like his predecessors or editor.

Pompeo writes, “The reason for having ‘managing editor’ as the top title, our sources said in a nutshell, has to do with nuances about seniority, divisions between the newsroom and the editorial page, and—at the end of the day—’custom.’

“As for why Baker is listed solely as editor in chief on the actual masthead in the print edition: for one thing, it might seem odd to put a managing editor above the paper’s two deputy editors-in-chief or its executive editor (a title that signifies, by contrast, the top slot at The New York Times and The Washington Post, but that’s another story). Plus the masthead does say: ‘Published since 1889 by Dow Jones & Company.’

“Confused? You’re not the only one.

“‘You’re editor in chief of Dow Jones. What does that mean?,’ Charlie Rose asked Baker during a Monday night interview on Rose’s PBS show.

“‘This is kind of a little complicated sort of internal taxonomy,’ said Baker. ‘The reason that the division [between the Journal and Dow Jones titles] has been erased somewhat is that we merged the two news organizations over the last few years so that we are now one single news organization.’”

Read more here.

Dow Jones

Pivotal year coming up for Dow Jones in 2014


Joe Pompeo of Capital New York writes Friday that 2014 is shaping up as a critical year for the parent company of The Wall Street Journal, Barron’s and Marketwatch.com.

Pompeo writes, “The 131-year-old financial information and media company, which publishes The Wall Street Journal, Dow Jones Newswires, Barron’s and MarketWatch, has a number of key initiatives on the docket that will test its might during parent-corporation News Corp’s first full fiscal year as a standalone publishing conglomerate.

“Perhaps the most closely-watched of these is the implementation of DJX, a news and data offering meant to increase Dow Jones’ share of the lucrative trading-terminal market that’s dominated by Bloomberg L.P. and, to a lesser extent, Thomson Reuters.

“One knowledgeable source described the rollout of DJX, which has so far been the most high-profile project of C.E.O. Lex Fenwick’s nearly two-year tenure, as a ‘make or break transformation’ for Dow Jones. The product was soft-launched earlier this year and has gotten off to a rocky start, according to a recent report on the website Quartz, which described a ‘lukewarm response’ from top Wall Street firms.

“DJX will be expected to deliver during the next 12 months. But another insider speculated that its parent company, which is currently in the second quarter of News Corp’s 2014 fiscal year, will give it a longer runway.”

Read more here.


Dow Jones seeks news editor for video


Dow Jones seeks an exceptional senior multimedia journalist with considerable editing and producing skills and demonstrable management and leadership experience.

The position entails original reporting and producing of enterprise and feature packages as well as working in conjunction with multiple WSJ journalists around the globe to produce highly crafted content designed to drive viewer and subscriber engagement across the Wall Street Journal Digital Network.

This is a new senior position within the WSJ Video management team and we expect the successful candidate to lead others on video projects and mentor reporter-shooters through the video production process. The News Editor also communicates with senior management and other departments on videos available to be promoted across primary and partner platforms, and social media.

A passion for new and innovative ways of telling stories is a prerequisite.

Please attach a resume, cover letter and three to five published clips to your online application.

To apply, go here.


Dow Jones seeks private equity reporter


Dow Jones is seeking a reporter to cover private equity deals, writing for market-leading specialist publications and contributing to the Wall Street Journal. As well as daily coverage of deals and funds, the work entails coverage of trends for Private Equity Analyst and writing posts for the WSJ’s Private Equity Beat blog.

We’re seeking someone who has or can develop a fascination for the intricacies of private equity and deal-making and who can write with insight for our audience of professionals. We need a reporter with the nose for a story who likes mixing with new sources and digging up exclusive information.

Please attach a resume, cover letter and three to five published clips to your online application.

To apply, go here.


DJX having lackluster results for Dow Jones


John McDuling of Quartz examines the performance of DJX, the Dow Jones & Co. product that was supposed to help it make inroads against Bloomberg and Reuters.

McDuling writes, “But sources tell Quartz that the introduction of the new offering hasn’t gone smoothly. Morgan Stanley–one of Dow Jones’s biggest information-services clients by contract value—recently scaled back its business with Dow Jones significantly, while the new product also received a lukewarm response at other Wall Street firms, including Goldman Sachs (although negotiations between the bank and Dow Jones are ongoing).

“DJX has been spearheaded by Dow Jones CEO and former Bloomberg Ventures boss Lex Fenwick. The web-based service combines all of Dow Jones’s newswires, its private equity and compliance databases, market data, and Factiva—which provides access to the news archives of a wide range of other publications—into a single platform. Subscribers also get market-moving headlines from the Wall Street Journal a few minutes ahead of non-subscribers. Previously, these and other Dow Jones services sold separately for varying amounts. Customers could buy just the ones they wanted without having to spring for a full professional suite of market news and data.

“But as Fenwick has explained, the old tiered-pricing model is no longer available. All firms are now charged the same amount:$249 a month or $399 month (depending upon the level of Factiva privileges) on a per-user, rather than firm-wide basis.

“One investment banking source, who declined to be named because of confidentiality agreements between the two companies, said the new pricing model had led to a ‘significant increase’ in the amount Dow Jones was seeking to charge its firm. ‘The feeling is that the Dow Jones product is much more limited than Thomson Reuters or Bloomberg’ this person said. ‘People are finding it hard to justify whether it’s worth it.”

Read more here.

CIO Journal 2

Dow Jones’ CIO Journal seeks reporter


CIO Journal is looking for a sharp reporter interested in the intersection of business and technology.

CIO Journal helps readers connect the dots between technology trends and business strategy. The right candidate will demonstrate an understanding of how technology impacts corporations and the ability to draw out the real story, rather than the story that companies and their vendors would like us to believe.

The writing needs to be sophisticated enough to appeal to the architects of corporate technology strategy, and clear enough to be understood by intelligent but less technologically conversant readers. The position is based in New York, and includes some travel.

Please attach a resume, cover letter and three to five published clips to your online application.

To apply, go here.

Linda Fung

Fung, former Dow Jones ME, lands at Prudential Financial


Linda Fung, a former Dow Jones Newswires managing editor who left the company last month, has started work for Prudential Financial.

Fung is now vice president of global communications for the financial services company based in Newark, according to her LinkedIn page.

She left Dow Jones in October after 29 years at the company. In her last job at Dow Jones Newswires, she oversaw North American corporate news, commodities, energy and equities markets coverage. She was responsible for all U.S. corporate and stock-market news coverage, as well as a news staff of more than 100 reporters.  Her responsibilities at Dow Jones Newswires had been expanded in 2012, according to this memo.

Before that, Fung was an assistant managing editor overseeing reporters covering financial services, the Chicago bureau chief, a news editor, a copy editor and a reporter.

She graduated from New York University in 1985 with a bachelor’s degree in journalism and a minor in history.


Wall Street Journal

Not your father’s Wall Street Journal


Joe Pompeo of Capital New York writes Thursday about how The Wall Street Journal has changed since it was purchased by Rupert Murdoch’s News Corp. at the end of 2007.

Pompeo writes, “While its course still steers right as far as the opinion pages are concerned, the editorial integrity of the news report has remained intact. The most significant changes (masthead moves aside) have made the stories shorter, the prose more concise and, above all, the content broader and more appealing to a consumer base that reaches beyond the Journal‘s core readership of Wall Street traders and money wonks.

“The paper has managed this without much of a stoop, courting its general-interest audience by adding more coverage of national and foreign affairs outside the scope of finance, and giving these stories Page One real estate. There’s even a New York metro section that launched in 2010 as a reflection of Murdoch’s ambition to bloody The New York Times in its own backyard.

“But nowhere has the shift been more pronounced than in the metastasizing portfolio of luxury, leisure and lifestyle content that Journal executives might describe as more infectious than a Daft Punk summer jam.

“The enigmatic French dance duo’s cameo at the Innovator Awards, where tastemakers like David Chang, Pharrell Williams and Terry Richardson were also in attendance, was more or less the apotheosis of the Journal‘s newfound sex appeal.”

Read more here.


Dow Jones, private investigators clash over Factiva


Three private investigators said they are upset that Dow Jones salespeople told them they would have to purchase the firm’s reports if they wanted to continue to have access to Factiva — at a significantly increased cost to the private eyes, reports Eamon Javers of CNBC.com.

Javers writes, “Factiva is a database the PIs routinely use to scan for news accounts, public records and other information they need about people they are investigating. Losing access to it, the investigators say, would be damaging and costly for their businesses.

“A spokeswoman for Dow Jones said the company no longer sells Factiva as a stand-alone product, but bundles the database with a suite of other services it calls DJX. A subscription costs $249 per month per individual user for up to 100 document downloads, and $399 per month per user for unlimited downloads.

“‘Our Factiva representative told us that we’re one of 100 private investigative firms whose contracts won’t be renewed because Factiva has decided to compete with us,’ one private investigator told CNBC. ‘Dow Jones has to twist our arms to buy these reports, because they think they’re virtually worthless.’”

Read more here.