redirects here . for the stock market index commonly referred to as the dow jones see dow jones industrial average . dow jones & company inc. type subsidiary of news corp. industry news and publishing founded november 1882 ; 133 years ago 1882 11 15 wall street new york city new york u.s. founder charles dow edward jones charles bergstresser headquarters 1211 avenue of the americas new york ny 10036 u.s. key people william lewis ceo 1 2 products the wall street journal barron s dow jones newswires dow jones financial information services djx factiva marketwatch see complete products listing . revenue 1.5 billion usd 2009 net income 386.56 million usd 2009 parent news corp website dowjones.com dow jones & company is an american publishing and financial information firm that has been owned by news corp. since 2007 . the company was best known for the publication of the dow jones industrial average and related market statistics dow jones newswire and a number of financial publications . in 2010 the dow jones indexes subsidiary was sold to the cme group and the company focused on financial news publications including its flagship publication the wall street journal and providing financial news and information tools to financial companies . the company was led by the bancroft family which held 64 % of voting stock from the 1920s until 2007 when an extended takeover battle saw news corp take control of the company . contents 1 history 2 products 2.1 consumer media 2.2 enterprise media 2.3 dow jones newswires 2.4 ventures 2.5 broadcasting 2.6 indices 3 ownership 3.1 buyout offer 3.1.1 insider trading scandal 4 corporate governance 5 see also 6 references 7 external links history edit the company was founded in 1882 by three reporters charles dow edward jones and charles bergstresser . dow jones was acquired in 1902 by clarence barron the leading financial journalist of the day after the death of co founder charles dow . 3 upon barron s death in 1928 control of the company passed to his stepdaughters jane and martha bancroft . the company was led by the bancroft family which effectively controlled 64 % of all voting stock until 2007 when an extended takeover battle saw news corporation acquire the business . the company became a subsidiary of news corporation after an extended takeover bid during 2007 . 4 it was reported on august 1 2007 that the bid had been successful 5 6 after an extended period of uncertainty about shareholder agreement . 7 the transaction was completed on december 13 2007 . it was worth us 5 billion or 60 a share giving news corp control of the wall street journal and ending the bancroft family s 105 years of ownership . 8 in 2010 the company sold 90 % of dow jones indexes to the cme group including the dow jones industrial average . 9 products edit consumer media edit its flagship publication the wall street journal is a daily newspaper in print and online covering business financial national and international news and issues around the globe . it began publishing on july 8 1889 . there are 12 versions of the journal in nine languages including english chinese japanese german spanish portuguese bahasa turkish and korean . the journal holds 35 pulitzer prizes for outstanding journalism . 10 other consumer oriented publications of dow jones include barron s magazine a weekly overview of the world economy and markets and marketwatch the online financial news site . financial news 11 provides news on investment banking securities and asset management . bigcharts 12 provided by marketwatch s virtual stock exchange games 13 includes stock charts screeners interactive charting and research tools . professor journal 14 is a journal in education program for professors to integrate into curriculum . dow jones also publishes heat street an online news and opinion website launched in february 2016 . 15 the monthly journal far eastern economic review closed in september 2009 . dow jones also owns local media group which publishes several community newspapers in the u.s. enterprise media edit dow jones serves corporate markets and financial markets clients with financial news and information products and services . its products combine content and technology tools to help drive decisions . dow jones owns more than 20 products that combine content and technology to help drive decisions which include ; dow jones newswires ; 16 dow jones factiva a database that provides a curated basis for making decisions through search results alerts newsletters and charts about companies topics and people . dow jones fx select 17 delivers real time breaking global fx news expert trend analysis and in depth policy commentary in 13 languages ; djx venturesource 18 helps find deal and partnership opportunities perform comprehensive due diligence and examine trends in venture capital investment fund raising and liquidity . it provides data on venture backed companies including their investors and executives in every region industry and stage of development throughout the world . private equity analyst 19 timely news and critical analysis of private equity and venture capital activity . offers exclusive insight and breaking news on developments in fund raising investment deal finance liquidity returns executive moves and more . djx risk & compliance 20 on risk management regulatory compliance or corporate governance content for anti corruption anti money laundering payments & sanctions and more . dow jones newswires edit dow jones newswires is the real time financial news organization founded in 1882 its primary competitors are bloomberg l.p. and thomson reuters . the company reports more than 600 000 subscribers including brokers traders analysts world leaders and finance officials and fund managers as of july 2011 . logo of the dow jones newswires ventures edit in 2009 dow jones ventures launched fins.com a standalone resource for financial professionals with information about finance careers and the finance industry . broadcasting edit in broadcasting dow jones provides news content to cnbc in the u.s. it produced two shows for commercial radio the wall street journal report on the wall street journal radio network and the dow jones report . the network was shut down in 2014 . dow jones also launched wsj live 21 an interactive video website that provides live and on demand videos from the wall street journal video network . programs include news hub moneybeat and lunch break among others . indices edit main article s & p dow jones indices dow jones sold a 90 % stake in its index business for 607.5 m to chicago based cme group which owns the chicago mercantile exchange in february 2010 . 22 a few of the most widely used include dow jones industrial average djia dow 30 or often simply the dow dow jones transportation average dow jones utility average dow jones composite average the global dow dow jones global titans 50 index dow jones total stock market index dow jones sustainability indexes dow jones ubs commodity indexes dow jones target date indexes ownership edit the company s foundation was laid by charles dow edward jones and charles bergstresser who over two decades conceived and promoted the three products which define dow jones and financial journalism the wall street journal dow jones newswires and the dow jones industrial average . 3 dow jones was acquired in 1902 by the leading financial journalist of the day clarence barron . 3 in 2007 dow jones was acquired by news corp. a leading global media company . 3 the bancroft family and heirs of clarence w. barron effectively controlled the company s class b shares each with a voting power of ten regular shares prior to its sale to news corp. at one time they controlled 64 % of dow jones voting stock . 23 currently dow jones is owned by rupert murdoch owner of news corp and several other major media companies . buyout offer edit on may 1 2007 dow jones released a statement confirming that news corporation led by rupert murdoch had made an unsolicited offer of 60 per share or 5 billion for dow jones . 24 stock was briefly halted for pending press release . the halt lasted under 10 minutes while cnbc was receiving data . it has been suggested that the buyout offer is related to murdoch s new cable business news channel fox business that launched in 2007 . the dow jones brand brings instant credibility to the project . 25 on june 6 2007 ceo brian tierney of philadelphia media holdings l.l.c. owning company of the philadelphia inquirer philadelphia daily news and philly.com went public in an article on philly.com expressing interest in joining with outside partners to buy dow jones . tierney said we would participate as philadelphia media holdings along with other investors . we wouldn t do it alone . 26 in june myspace founder brad greenspan put forth a bid to buy 25 % of the dow for 60 a share the same price per share as news corporation s bid . greenspan s offer was for 1.25 billion for 25 % of the company . 27 on july 17 2007 the wall street journal a unit of dow jones reported that the company and news corporation had agreed in principle on a us 5 billion takeover that the offer would be put to the full dow jones board on the same evening in new york and that the offer valued the company at 70 % more than the company s market value . 28 our strategy centers around leaving the print publications of dow jones intact to continue serving as the gold standard of financial reporting and creating additional earnings streams through digital media initiatives that can produce a stock price above 100 dollars a share for too long dow jones has limited its focus to the world of print media and allowed other less established entities to generate millions of dollars in profits by developing financial reporting franchises on the internet and cable television . the time has come for dow jones to break out of its slumber and extend its dominance into the lucrative arena of digital media . channel news asia business section 29 insider trading scandal edit upon investigating suspicious share price movements in the run up to the announcement the sec alleged that board member sir david li one of hong kong s most prominent businessmen had informed his close friend and business associate michael leung of the impending offer . leung had acted on this information by telling his daughter and son in law who reaped an us 8.2 million profit from the insider trading transaction . 30 corporate governance edit prior to its sale to news corp the last members of the board of directors of the company were christopher bancroft lewis b. campbell michael elefante john engler harvey golub leslie hill irvine hockaday peter kann david li m. peter mcpherson chairman frank newman james ottaway elizabeth steele and william steere . see also edit new york city portal companies portal closing milestones of the dow jones industrial average list of assets owned by dow jones references edit leadership executives officers senior management . dow jones . retrieved 2013 06 14 . news corp announces changes at dow jones & company . business wire . 2014 01 21 . retrieved 2014 01 21 . a b c d dow jones history p rez pe a richard december 13 2007 . shareholders back dow jones sale . the new york times . bbc news business murdoch wins fight for dow jones . login . login . murdoch s news corp. will buy dow jones people say update2 . bloomberg . july 31 2007 . mccracken dennis k. berman and jeffrey . cme buys 90 % of dow jones indexes . wall street journal . issn 0099 9660 . retrieved 2016 02 17 . http images.dowjones.com company wp content uploads sites 15 2014 03 economics 2014 press release.pdf investment