Net Income Drops, Revenue Up at Dow Jones In Final Quarter Before Murdoch Takes Over

From the WSJ about parent company Dow Jones:

“Dow Jones & Co., in likely its last full quarter as an independent company, posted a steep drop [87%] in net income, but operating performance improved as a result of strength at the company’s nonprint businesses.”

With the News Corp. purchase of Dow Jones expected to close later this year, the company is considering turning WSJ.com from a subscription site into a free, ad-based site. “Such a move is expected to increase advertising revenue, but would cut out sales of online subscriptions.”