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

By Chris Ariens 

The Lost Remote newsletter brings you the the best in streaming news, from staffing changes to premiere dates to trailers—to the latest platform moves. Sign up today.

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.”

Advertisement
Advertisement