Marketwatch editor Dave Callaway writes Tuesday, on the 10th anniversary of the web site’s launching, about how business journalism has evolved in the past decade.
Callaway wrote, “From Day 1, we positioned ourselves to be a primary provider of news, not just to the Web site but to media partners such as CBS, the Financial Times, Yahoo, AOL, the Knight-Ridder Tribune syndicate, even the New York Daily News. Once we were acquired by Dow Jones & Co. in 2004, we began providing news to Dow Jones Newswires, Barron’s Online, WSJ.com and The Wall Street Journal itself. Dow Jones gave us a reach into the institutional world we hadn’t had before and helped us hone our identity as the primary place for real-time coverage of stocks, bonds, commodities, currencies and derivatives, as well as personal-finance-focused investments such as mutual funds and ETFs.
“Now, with News Corp. acquiring Dow Jones, we stand ready to provide news to any and all of its global media operations.
“Ten years on, the market for free online financial news is a very crowded place. No longer is it just MarketWatch, TheStreet.com and the Motley Fool. Reuters and Bloomberg are coming on strong, the Associated Press has beefed up its business coverage, and newspaper sites are getting better everyday.”
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