Categories: OLD Media Moves

Dow Jones poised to buy Financial News?

The Telegraph newspaper in London is reporting that Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, is near a deal to acquire the Financial News newspaper in that country.

Ben Harrington wrote, “It is understood Dow Jones, which publishes The Wall Street Journal, is in advanced negotiations to acquire Financial News. A deal could be announced within days.

“Financial News is published in print every week and has its own real-time financial website with around 40,000 subscribers. It is widely read in the City of London, and has a strong following among Europe’s top investment bankers and investors. The newspaper was founded by journalists, including The Mail on Sunday’s former City editor Clive Wolman, and Peter Wilson-Smith, a former business correspondent for The Times, as London Financial News in the 1990s.

“The sale of Financial News, which is being handled by NM Rothschild, is likely to net some of the founders, who are still shareholders, a significant amount of cash.”

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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.