The following memo from Dow Jones & Co. CEO Richard Zannino was distributed within the company on Monday:
“Dear friends and colleagues:
“Wall Street Journal advertising revenue in October increased 6.7%. This was the biggest ad revenue month at the Journal in dollar terms since November 2000. At WSJDN, advertising revenue jumped 30% in October.
“Those results by themselves are notable. It’s all the more remarkable when compared with our peers. For example, just Friday, the New York Times reported a decline in its print newspaper ad revenue during October. And today Gannett said ad revenue at USAToday fell 6.1% in October.
“I’ve said before and it’s even truer today that we at Dow Jones are bucking industry trends and successfully transforming our business. The work we’ve been doing has reshaped this company to compete in this dynamic digital age. And we’ve done it while still managing to produce industry-leading results.
“Dow Jones has posted seven consecutive quarters of double-digit operating income growth through the 2007 third quarter. The October ad revenue results confirm that we’re on track for an eighth as well.”
Crain's Chicago Business is a leading source of news, analysis, and information on the business,…
Emma Sandler has been hired as associate editor at Agenda, a publication under the FT…
Cablefax Daily interviewed Fox Business Network anchor Liz Claman on her induction into the Cable Hall…
BBC News has hired Charlotte Edwards as a reporter covering money, work and technology. She previously was…
Reuters has promoted Hatem Maher to deputy breaking news editor for the Middle East. Maher has been…
Canada's Financial Post has hired Ben Cousins as a senior editor. He has been working as a…