Categories: OLD Media Moves

Dow Jones sells career services website

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.

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.