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Monday, 16th July 2007

Tentative Deal: News Corp. To Acquire Dow Jones & Factiva History Back to Its Roots Over 30 Years Ago

From the AP article:

Rupert Murdoch's News Corp reached a tentative agreement to buy Wall Street Journal publisher Dow Jones & Co., the Journal reported Tuesday, but he must still win over the company's controlling shareholders.

Complete Coverage from the Wall Street Journal (we have been able to access most of these materials for free, without a WSJ log-in)
Includes:
+ Stock Ownership Charts and
+ Who's Who Chart (Cool use of Flash)
+ Timeline

Of course, Dow Jones also owns MarketWatch.com and Factiva.

Factiva Fast Facts
DJ and Reuters partnership announced on May 17, 1999.

+ First known as Dow Jones News Retrieval and Dow Jones Reuters Business Interactive.

++ Renamed Factiva in late 1999.

++ Reuters Sells it's 50% in Factiva to Dow Jones in October 2006 (via IWR)

Source: AP and The Wall St. Journal

Database History
The Dow Jones-Bunk Ramo News Retrieval (a joint venture) was first announced on December 17, 1971 and then again, almost two years later, on September 13, 1973. A 9/1973 article from WSJ article reported that the Dow Jones News-Recall service would launch in January, 1974. The service finally went live in April, 1974 with Bunker-Ramos being the charter distributor of the service. How much would it cost? $175/month + $25/per video terminal. The database offered "instantaneous recall" on over 6000 publicly trade companies. At launch, the DJN-R contained an archive of material dating back three months. Content was from the WSJ, Dow Jones News Service, and Barron's.


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