OLD Media Moves

Dow Jones, which operates WSJ, MarketWatch, Barron’s, reports strong third quarter

Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and MarketWatch.com, reported a 6 percent increase in third quarter revenue to $421 million, primarily due to growth in circulation and subscription and digital advertising revenues.

Digital revenues at Dow Jones in the quarter represented 74 percent of total revenues compared to 68 percent in the prior year.

Circulation and subscription revenues increased $26 million, or 9 percent, including a $4 million, or 2 percent, positive impact from foreign currency fluctuations. Circulation revenue grew 8 percent, reflecting the continued strong growth in digital-only subscriptions, partially offset by lower single-copy and amenity sales related to COVID-19.

During the third quarter, Dow Jones saw the highest year-over-year increase in total subscriptions and digital-only subscriptions for both The Journal and total Dow Jones’ consumer products in its history.

Total subscriptions to Dow Jones’ consumer products reached a record 4.27 million average subscriptions for the quarter, a 19 percent increase compared to the prior year, of which digital-only subscriptions grew 29 percent.

Total subscriptions to The Journal grew 21 percent compared to the prior year, to a record 3.38 million average subscriptions in the quarter. Digital-only subscriptions to The  Journal grew 29% to 2.63 million.

See all of the results here. News Corp. owns Dow Jones and breaks out its operating results.

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.

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