Media News

Dow Jones reports jump in revenue and earnings

Dow Jones & Co., the parent of The Wall Street Journal, MarketWatch.com and Barron’s, reported a 9 percent increase in revenue and a 24 percent increase in third-quarter profits, primarily due to acquisitions.

The company is owned by News Corp., which separates its financial performance. Third-quarter revenue increased to $529 million while EBITDA profits increased to $109 million.

Digital revenues at Dow Jones in the quarter represented 79 percent of total revenues compared to 76 percent in the prior year. Circulation and subscription revenues increased $49 million, or 13 percent, which includes the contributions from the acquisitions of OPIS and CMA.

Circulation revenue declined 1 percent, primarily due to lower print volume and lower revenues from Investor’s Business Daily, partially offset by the continued growth in digital-only subscriptions, primarily at The Journal. P

During the third quarter, total average subscriptions to Dow Jones’ consumer products reached over 5.1 million, a 6 percent increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 10 percent.

Total subscriptions to The Journal grew 5 percent compared to the prior year, to nearly 3.9 million average subscriptions in the quarter. Digital-only subscriptions to The Journal grew 9 percent to 3.3 million average subscriptions in the quarter, and represented 85 percent of total Journal subscriptions.

The earnings release can be found here.

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.

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