Categories: OLD Media Moves

Dow Jones giving Factiva lots of attention

Matthew Flamm of Crain’s New York Business writes Sunday about how Dow Jones & Co., the parent of The Wall Street Journal and Marketwatch.com, is looking to boost its Factiva search service.

Flamm writes, “This month, Factiva is rolling out services and products, including an iPad application, designed to attract new corporate customers. The investment comes as the division is poised for a turnaround after two years of declining revenues.

“Like other paid-search companies, including archrival LexisNexis, Factiva has been hurt by Google and the recession. Revenues were $295 million last year, compared with a peak of $320 million in 2008, according to consulting firm Outsell Inc.

“Dow Jones, which started Factiva as a 50-50 joint venture with Reuters in 1999, bought out its partner in 2006.

“The enhancements include the addition of 100 Arabic news sources, following the recent addition of 1,800 sources in 16 languages. International markets have become the biggest source of growth for Factiva and now account for more than half of its revenues.”

Read more here.

Recent Posts

Wired senior writer Meaker is departing

Morgan Meaker, a senior writer for Wired covering Europe, is leaving the publication after three…

6 hours ago

CNBC’s head of events departing after 28 years

Nick Dunn, who is currently head of CNBC Events as senior vice president and managing…

6 hours ago

WSJ taps Beaudette to oversee business, finance and economy

Wall Street Journal editor in chief Emma Tucker sent out the following on Friday: Dear…

15 hours ago

NY Times taps Searcey to cover wealth and power

New York Times metro editor Nestor Ramos sent out the following on Friday: We are delighted to…

17 hours ago

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

1 day ago

Silicon Valley Biz Journal seeks a reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

1 day ago