Categories: OLD Media Moves

Pondering the future of Smart Money

Keith Kelly of The New York Post writes Wednesday about what will happen to Smart Money magazine, a joint venture between Dow Jones & Co. and Hearst Corp., after News Corp. closes on its deal to purchase Dow Jones.

Kelly wrote, “When Dow Jones CEO Richard Zannino was asked at the Committee to Protect Journalists annual dinner last week what was going to happen, he reportedly said, ‘I would love to buy it.’

“It wasn’t clear if he was speaking as an executive or as a potential independent buyer, and yesterday he couldn’t be reached for comment.

“Over the years, Hearst and Dow Jones have had mixed experiences.

“Hearst officials felt that many promising early ideas — such as a proposal to start a financial Web site with Microsoft in 1994 — were shot down by Dow Jones executives who felt it would cannibalize other areas of its core business.”

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.