Categories: OLD Media Moves

Dow Jones nearing 3 million subscribers

News Corp. CEO Robert Thomson made the following comments about Dow Jones and The Wall Street Journal during its earnings conference call:

At Dow Jones, circulation revenue growth remained robust with a 10% increase year-over-year. We are nearing the short-term goal of 3 million total subscribers, with 2.8 million subscribers to Dow Jones consumer products in the quarter.

The Wall Street Journal experienced an approximate 12% increase in circulation revenues year-over-year. Meanwhile, our Professional Information business is muscular, powered by risk and compliance, which grew over 40% this quarter. Companies simply must invest in reducing risk and enhancing compliance, and Dow Jones has the necessary tools in both of these imperative areas.

CFO Susan Panuccio made the following comments:

At Dow Jones, circulation revenues grew 10%, the third consecutive quarter of double-digit growth, benefiting from 29 percentage points growth in WSJ digital-only subscribers and higher subscription ARPU.

Digital now accounts for over 50% of Dow Jones circulation revenue….

The closure of The Wall Street Journal international print edition impacted Dow Jones advertising revenues by $6 million or four percentage points for the quarter. International expansion continues to be a strategic focus for Dow Jones. And despite the print closure, our total Wall Street Journal international subscriber base still grew 28% versus the prior year.

Read more 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.

Recent Posts

The Independent hires Baragona as senior reporter

The Independent has hired Justin Baragona as a senior reporter. He will be covering the intersection of…

20 mins ago

Econ Reporting Hardship Program sets up Ledbetter Fund

Author and editor James Ledbetter was a beloved friend, Economic Hardship Reporting Project Board member…

60 mins ago

FT names Brower US news editor, Edgecliffe-Johnson departing

Financial Times editor in chief Roula Khalaf sent out the following on Friday: Hello everyone I'm pleased…

1 hour ago

WSJ’s Brown is leaving publication

Ken Brown of The Wall Street Journal is leaving the news organization. He is an…

22 hours ago

Jones will not seek another Dow Jones News Fund board term

Dow Jones News Fund President Brent W. Jones announced at the nonprofit journalism training organization’s…

22 hours ago

Bloomberg hires Clark to cover VC and startups

Jillian Ward, managing editor for U.S. technology at Bloomberg News, sent the following note to…

22 hours ago