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The Wall Street Journal

The Wall Street Journal publishes the world's business and financial news and information, and in 2002 had a circulation of roughly 1.8 million (Media, 2004). Reporters Charles Dow, Edward Jones, and Charles Bergstresser founded the Dow Jones Company in 1882 and these three men converted the small Customer's Afternoon Letter into the Wall Street Journal, which was first published in 1989. They began delivering the Dow Jones News Service via telegraph, and the Wall Street Journal features the Jones 'Average' - the first of several indexes of stock and bond prices on the New York Stock Exchange and the world's most widely followed stock market indicator, which tracks the world's largest stock market.

Journalist Clarence Barron, who had been hired several years previously to be Dow Jones' first out-of-town correspondent, purchased control of the company in 1902 following the death of Charles Dow, when circulation was around 7,000 (Rosenberg, 1982). Circulation climbed to around 50,000 by the end of the 1920s, after Barron introduced modern printing equipment and the news gathering side of the company expanded (Media, 2004; Rosenberg, 1982). During the 1929 Depression, subscription to the Wall Street Journal fell to 28,000, giving the Journal its first challenge, and advertising all but disappeared.

By the 1960s, circulation of the Wall Street Journal had passed the one million mark, and coverage of social issues, science, education, and foreign affairs was added or expanded, and business news coverage was improved (Rosenberg, 1982). The Dow Jones News Service delivers a spectrum of real-time global business and financial news on more than 330,000 terminals to financial professionals across five asset classes: equities, fixed income, foreign exchange, commodities, and energy.

Dow Jones acquired the Ottaway Group of community newspapers in the 1970s, and later expanded outside the United States, buying a stake in the Fa...

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The Wall Street Journal. (1969, December 31). In LotsofEssays.com. Retrieved 10:26, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1703074.html