Media News

Dow Jones reports 11 percent rise in revenue, decline in earnings

Dow Jones & Co., the parent of The Wall Street Journal, Investor’s Business Daily, Barron’s and MarketWatch.com, reported an 11 percent increase in revenue for the quarter that ended Dec. 31, but a slight drop in earnings due to higher employee and marketing costs.

Revenues in the quarter increased $55 million, or 11 percent, while EBITDA earnings fell 3 percent to $139 million.

Digital revenues at Dow Jones in the quarter represented 76 percent of total revenues compared to 72 percent in the prior year. Circulation and subscription revenues increased $61 million, or 17 percent.

Circulation revenue grew 3 percent, reflecting the continued growth in digital-only subscriptions, primarily at The Journal.

During the second quarter, total average subscriptions to Dow Jones’ consumer products reached over 4.9 million, a 5 percent increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 10 percent.

Total subscriptions to The Wall Street Journal grew 4 percent compared to the prior year, to nearly 3.8 million average subscriptions in the quarter. Digital-only subscriptions to The Journal grew 9 percent to over 3.1 million average subscriptions in the quarter, and represented 84 percent of total  Journal subscriptions.

Read more here. Dow Jones is owned by News Corp., but its financial results are broken out in its earnings.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

23 hours ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

24 hours ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

2 days ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

4 days ago