Categories: OLD Media Moves

Dow Jones news service to be offered on Symphony

Symphony, the messaging tool backed by some of Wall Street’s biggest banks, has struck a deal with Dow Jones to offer news content in its service, reports Matthew Garrahan of the Financial Times.

Garrahan writes, “The content deal — likely to be unveiled this week — pits Dow Jones, part of Rupert Murdoch’s News Corp, against Michael Bloomberg’s eponymous company, the world’s largest financial information group.

“All of Dow Jones’s newswire articles — including journalism produced by the Wall Street Journal newspaper and its Factiva archive — will be available on Symphony’s nascent service, according to people familiar with the situation. Dow Jones and Symphony declined to comment.

“Symphony has support from Goldman Sachs, JPMorgan, Morgan Stanley and other Wall Street banks. It was born out of the 2013 snooping scandal, when it emerged that Bloomberg News reporters had used the company’s eponymous terminals to spy on bankers, monitoring when they had last logged-on to the service. Bloomberg apologised and reviewed its practices.”

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.