OLD Media Moves

Dow Jones buys Dutch news service

March 10, 2008

Dow Jones & Co., the parent of The Wall Street Journal, Dow Jones Newswires and Marketwatch, announced Monday the acquisition of Betten Financial News BV, the Dutch-language news service covering the corporate sector in the Netherlands.

Dow JonesDow Jones will combine Betten’s coverage with Dow Jones Newswires’s Dutch-language financial news service, Dow Jones Nieuwsdienst, to offer its customers expanded reporting and strengthened insight into the Dutch financial markets.

The deal highlights Dow Jones’s strategy to provide news on European financial markets and to the development of its non-English services. Betten is widely known in The Netherlands under the name Betten Beursmedia News.

“Betten has a strong reputation in the Dutch market for the speed and quality of its news. The integration of the service into Dow Jones Nieuwsdienst will create an unbeatable combination for our customers by offering a comprehensive view of corporate and financial news for better decision making,” said Clare Hart, executive vice president, Dow Jones, and president, Enterprise Media Group, in a statement. “We’re dedicated to increasing our coverage of local markets in local languages, and this acquisition helps us to better serve the needs of our European customers.”

Dow Jones Newswires also publishes its news in Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian and Spanish. Terms of the deal were not disclosed.

Read more here.

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