OLD Media Moves

Dow Jones sells career services website

June 30, 2012

Posted by Chris Roush

Dow Jones & Co., the parent of The Wall Street Journal, has sold FINS.com, a career services website launched in 2009, to Dice Holdings, for an undisclosed amount, resulting in a number of layoffs, reports Joe Pompeo of Capital New York.

Pompeo writes, “A Dow Jones spokesperson confirmed the layoffs and said that the affected employees would have the opportunity to apply for other jobs within Dow Jones, which is owned by News Corp. and also publishes The Wall Street Journal.

“The FINS.com sale was first reported by the Dow Jones newswire late Friday afternoon.

“According to a news release, Dow Jones has also entered into ‘an exclusive partnership’ with Dice Holdings, which owns other specialized career websites, ‘to provide and operate the online career centers for WSJ.com and MarketWatch.com in the United States.’

“The news comes a day after News Corp. announced a plan to split its entertainment and publishing assets into two separate companies.”

Read more here.

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