Hearst Sells SmartMoney Stake to Dow Jones
Dow Jones acquired Hearst‘s 50 percent interest in SmartMoney — including SmartMoney magazine, SmartMoney.com, and custom-publishing division SmartMoney Custom Solutions — giving Dow Jones 100 percent ownership of the franchise. Terms were not disclosed.
SmartMoney had been a partnership between Dow Jones and Hearst since 1991.
Dow Jones president Todd Larsen said:
SmartMoney is a natural fit within Dow Jones, having carried brand association with The Wall Street Journal since its launch. SmartMoney is a trusted brand with high-quality editorial and a clear focus on personal-finance news and information.
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