Media News

Dow Jones reports slight increases in revenue, earnings

Dow Jones & Co., the parent of The Wall Street Journal, MarketWatch.com, Barron’s and Investor’s Business Daily, reported a 3% increase in revenue and a 6% increase in operating income for the first quarter.

The company, a subsidiary of News Corp., reported revenue of $552 million and EBITDA earnings of $131 million, up from $537 million and $124 million, respectively, in the same quarter a year ago.

Digital revenues at Dow Jones in the quarter represented 82% of total revenues compared to 81% in the prior year.

Circulation revenues increased 1% compared to the prior year, as the continued growth in digital-only subscriptions was mostly offset by lower print volume. Digital circulation revenues accounted for 72% of circulation revenues for the quarter, compared to 70% in the prior year.

During the first quarter, total average subscriptions to Dow Jones’ consumer products were over 5.9 million, an 11% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 15% to over 5.3 million.

Total subscriptions to The Journal grew 7% compared to the prior year, to nearly 4.3 million average subscriptions in the quarter.

Digital-only subscriptions to The Journal grew 10% to over 3.8 million average subscriptions in the quarter, and represented 90% of total Journal subscriptions.

See all of News Corp.’s earnings 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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