ITV

Tag: Dow Jones

  • Vimeo buys Livestream, enters live video market, may integrate with OTT tech

    Vimeo buys Livestream, enters live video market, may integrate with OTT tech

    MUMBAI: Vimeo, an ad-free open video platform which has an office in India, signed an agreement to acquire Livestream.

    The latter is a leading live video solution that powers over 10 million events a year. Vimeo also rolled out its own Vimeo Live product, offering professional live streaming capabilities directly through its platform for the first time.

    Following completion of the acquisition, Livestream’s offering will be integrated with Vimeo to empower creators to capture, edit, stream, and archive live events, as well as host, distribute and monetize videos, all in one seamless workflow. The move into live streaming positions Vimeo as the most complete video solution in the market for businesses, organizations and professional creators.

    Vimeo CEO Anjali Sud says: “Live streaming is the #1 request from our creator community this year, and we’re focused on bringing a new level of quality, convenience and craft to this evolving medium.”

    “With the launch of Vimeo Live and the addition of Livestream’s impressive team and innovative product suite, we can empower a diverse range of creators to produce beautiful live experiences with professionalism and ease,” she added.

    Livestream provides businesses and organisations with a solution for connecting with their audiences in real-time. Nearly 50 million viewers tune in to hundreds of thousands of live events powered by Livestream each month from customers including Dow Jones, Philadelphia Eagles, Tough Mudder and Spotify.

    Livestream co-founder and CEO Mark Kornfilt adds, “At Vimeo, we can accelerate the adoption of professional-quality live video by combining our tools and capabilities with Vimeo’s video expertise and global scale.”

    Complete video solution: The integration of Vimeo’s video technology with Livestream’s proprietary hardware and software products, production services and enterprise-level features will provide a end-to-end video solution for a wide range of professionals, businesses and organisations.

    The combination of Vimeo and Livestream will offer: Innovative Production Hardware and Software – Livestream provides production tools and services for capturing, broadcasting and editing live events, from its live event Mevo camera to its live production switcher Studio.

    Future integrations with Vimeo will provide creators with direct access to stream live events through Vimeo and leverage the platform’s robust video tools.

    High Quality Streaming: With Vimeo Live, creators can now broadcast live events in full 1080p with built-in cloud transcoding and adaptive streaming, so viewers can watch in stunning high quality, perfectly fit for their device and bandwidth. Auto-archived live videos on Vimeo can be replaced with files to support 4K viewing.

    Distribution and marketing tools: Creators using Vimeo Live have the flexibility to embed the fully customizable Vimeo player wherever they choose, see who’s attending their event by enabling email capture in the player, turn on live chat, and view live and archived stats to track performance. The addition of Livestream’s syndication tools will enable live distribution across social platforms in the future, including Facebook, YouTube, Twitch and Twitter.

    Singular home for video workflow: Vimeo now provides one home to help creators with all aspects of their video hosting and live streaming workflow – from broadcasting and auto-archiving to storage, management and collaboration to distribution, marketing and analytics. Post-event videos can also be monetised directly to audiences worldwide as a rental, purchase or subscription. Moving forward, Vimeo will also integrate live with its over-the-top (OTT) technology, enabling live content in branded apps across iOS, Android, Roku, Amazon, Samsung, and more.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q1-2016: News Corp revenue declines 4.5 percent

    Q1-2016: News Corp revenue declines 4.5 percent

    BENGALURU: Rupert Murdoch helmed News Corporation reported a 4.5 per cent YoY decline in consolidated revenues in the quarter ended 20 September, 2015 (Q1-2016, current quarter) at $2,014 million as compared to the prior year’s quarter revenue of $2,2108 million. Reported Consolidated EBIDTA in the current quarter declined 14.9 per cent YoY to $165 million from $194 million.

     

    Negative foreign currency fluctuations in the current quarter reduced Total Segment EBITDA by $29 million as compared to Q1-2015. Income from continuing operations was $143 million as compared to $109 million in Q1-2015 due to a tax benefit from the release of valuation allowances resulting from the planned disposal of the digital education business, partially offset by lower Total Segment EBITDA, lower Other, net and lower equity earnings of affiliates says News Corp.

     

    Earnings per share from continuing operations available to News Corporation stockholders in the current quarter were $0.22 as compared to $0.15 in Q1-2015. Adjusted EPS were $0.05 in Q1-2016 compared to $0.13 in Q1-2015.

     

    News Corp CEO Robert Thomson said, “News Corp is on track in its transition to a more digital and global future, having successfully integrated several recent acquisitions and built a powerful platform for future growth. We are focused on driving sustainable expansion of revenue and profit, and leveraging the potency of our brands, while diligently controlling costs to maximise long-term returns for all investors. Foreign exchange fluctuations negatively impacted reported results, but this should not obscure the progress at many of our businesses. In fact, News Corp’s revenues, excluding the effect of currency, grew four per cent this quarter, underscoring the value of our shift to higher growth businesses and our prudent reinvestment strategy.”

     

    “We are particularly pleased with the momentum at realtor.com, which is significantly ahead of schedule on key metrics. We are now, by some reckoning, the world’s largest digital property listings company and we see a particularly bright future in the sector, especially in the U.S. where we believe the national real estate market is still returning to health,” he added.

     

    “Our digital expertise has been enhanced by the addition of Unruly and Checkout 51, which we expect will have a positive impact across our businesses and around the world. We are already seeing significant new opportunities because of Unruly’s unique skills in measuring the social and viral penetration of advertising campaigns. We are on the cusp of significant upheaval in the advertising market, which has been distorted by trash traffic, invisible impressions and mockable metrics, to the detriment of advertisers, large and small,” he further said. 

     

    “With recent M&A activity highlighting the rising value of global financial news brands, the progress at Dow Jones and The Wall Street Journal is noteworthy, with growth in print and digital advertising, and improvements in the professional information business.”

     

    Segment Revenue

     

    News and Information Services

     

    This is News Corp’s largest segment. Revenues for the segment declined 11.1 per cent to $1,290 million in the current quarter as compared to the $1451 million in the corresponding year ago quarter.  The segment’s EBIDTA declined 21 per cent YoY to $83 million from $105 million due to lower advertising revenues and $5 million of higher legal expenses at News America Marketing claims the company.

     

    News Corp says that total segment advertising revenues declined 13 per cent, primarily due to negative foreign currency fluctuations, weakness in the print advertising market, most notably in Australia, and lower revenues at News America Marketing. 

     

    Circulation and subscription revenues declined six per cent, due to negative foreign currency fluctuations, partially offset by higher subscription pricing and cover price increases. At Dow Jones, the company saw growth in both print and digital advertising revenues and higher circulation revenues at The Wall Street Journal as well as modest growth of professional information business revenues. 

     

    Adjusted revenues declined three per cent compared to the prior year. Total segment advertising revenues declined five per cent and circulation and subscription revenues increased two per cent, excluding the impact of $60 million and $45 million, respectively, from negative foreign currency fluctuations.

    Book Publishing

     

    Revenues for the segment increased 0.7 per cent to $409 million in the current quarter as compared to the $406 million in the corresponding year ago quarter. The revenue growth was driven by  driven by strong sales in General Books resulting from the popularity of Go Set a Watchman by Harper Lee and the inclusion of the results of Harlequin, acquired in August 2014, partially offset by lower revenues from the Divergent series, lower e-book sales and negative foreign currency fluctuations. Digital sales represented 20 per cent of consumer revenues for the quarter. 

     

    The segment’s EBIDTA declined 23.6 per cent YoY to $42 million from $55 million.

     

    Digital Real Estate Services

     

    Revenues for the segment increased 70.5 per cent to $191 million in the current quarter as compared to the $112 million in Q1-2015 primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group, increased revenues from greater residential listing depth product penetration and improved listing volumes in Australia were more than offset by negative foreign currency fluctuations.

     

    The segment’s EBIDTA was flat YoY at $57 million due to negative foreign currency fluctuations.

     

    News Corp claims that in Q1-2016, Move’s revenues increased 33 per cent on a stand-alone basis to $85 million in the current quarter from $64 million in the corresponding prior year. Move saw continued strength in its Connection for Co-Brokerage product and non-listing Media revenues, coupled with market share gains for its Top Producer software product. Based on Move’s internal data, average monthly unique users of realtor.com’s web and mobile sites for the quarter grew 43 per cent year-over-year to approximately 46 million, which was driven by 64 per cent growth in mobile users.

     

    Cable Network Programming

    Revenues declined 10.9 per cent in the current quarter to $124 million from $139 million in Q1-2015, while the company says that Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues.

     

    The segment’s EBIDTA declined 12.5 per cent in Q1-2016 to $28 million from $32 million in Q1-2015. News Corp claims that Adjusted Segment EBITDA increased nine per cent, primarily due to an increase in revenues, as noted above, partially offset by expected higher programming rights costs related to the Rugby World Cup. Negative foreign currency fluctuations reduced reported revenues for the first quarter of fiscal 2016 by $29 million as compared to the prior year.

     

    Other

     

    News Corp says that Segment EBITDA in the quarter improved by $10 million compared to the corresponding prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World.

     

    The net expense related to the U.K. Newspaper Matters was $5 million for Q1-2016 as compared to $14 million for Q1-2015.

  • Exponential Interactive relaunches Firefly Video

    MUMBAI: Exponential Interactive, the global provider of advertising intelligence and digital media solutions, has relaunched its brand engagement video advertising solution Firefly Video.

    The launch includes two new ad units, Glow and Illuminate, which are designed to drive consumers to actively choose to watch a brand’s video content.

    According to the company, campaigns using the new Glow unit have delivered an average of almost 1.5 times the average time spent (ATS) of previous units, while campaigns using the full-featured Illuminate format delivered an average of twice the ATS. Average engagement rates are more than 1 per cent, it added.

    Firefly Video is offered on a cost-per-engagement (CPE) model, meaning advertisers pay only when a consumer actively chooses to watch content. Both units require prolonged user rollover on the teaser video to spark expansion of the unit and sound. Combined with CPE pricing, this ensures advertisers are only paying for the Active Attention of their prospective customers.

    Firefly Video is powered by Exponential‘s e-X Advertising Intelligence Platform, which enables advertisers to target against a taxonomy of 50,000 different user interests and intentions at scale.

    Exponential‘s premium publisher network reaches more than 450 million unique monthly users worldwide. This means brands can combine the power of video advertising with the scale and audience targeting only available in ‘traditional‘ online display advertising. An automotive advertiser, for example, can choose only to reach people to have indicated an interest in buying a car, or people who have recently visited their site. By leveraging their long-form video or TV ads, they can then engage with their prospective customers with their most impactful advertising format.

    Joe Gallagher has been appointed as general manager of Firefly Video to lead the newly formed division.

    Gallagher also held management positions at Dow Jones, Tribune Company and Real Media. He said, “These new units, combined with a cost-per-engagement pricing structure, guarantee advertisers the Active Attention of their intended users. Brands know that the users viewing their content have chosen to do so, and they know they only pay when that happens. With strong video content constantly available to brand advertisers, along with the added features of social sharing, multi-video content and product information, Firefly Video delivers a strategically advanced platform to reach and engage their prospective customers.”

    “Compelling video, delivered to the right eyes and ears, has more power to drive brand interest, consideration and overall awareness. Firefly Video offers opt-in engagement solutions that cater to consumers’ interests, ultimately providing stellar results – at great value using our advertiser-centric pricing system — for brands,” he added.

  • Dow Jones restructures, president Todd Larsen quits

    Dow Jones restructures, president Todd Larsen quits

    MUMBAI: Dow Jones president Todd Larsen has stepped down after two years in the role and 13 years at the company.

    Larsen has worked for Dow Jones for more than a decade.

    Dow Jones CEO Lex Fenwick said, “Our digital business, one that others look to emulate, is at the forefront of the industry, and that is a testament to Todd’s leadership and guidance, and we will continue to build upon that as we move forward”.

    Dow Jones has promoted Alisa Bowen, who is The Wall Street Journal Digital Network GM, to Dow Jones head of product. Kelly Leach, currently senior VP of strategy, was named Dow Jones for Europe, Middle East and Africa MD and will become The Wall Street Journal Europe publisher .

    In addition, Dow Jones also promoted Jennifer Jehn to head of circulation, Tracy David to head of marketing, Victoria Chin to head of customer service and Dan Hayter to head of institutional sales in the Americas.

    Dow Jones is also creating a new data-strategy department, which will be run by Joe Lanza, who is Dow Jones Financial Markets president.

    Larsen was responsible for the Wall Street Journal, MarketWatch, Factiva and Dow Jones Newswires.

  • Wall Street Journal to launch “CIO Journal” premium service

    Wall Street Journal to launch “CIO Journal” premium service

    MUMBAI: The News Corp owned business newspaper The Wall Street Journal has announced plans to launch CIO Journal, a premium news and information service for chief information officers and senior business executives interested in technology.

    Set to launch this year, the service will provide coverage of real-time news and ongoing topics that are relevant for senior business technology executives.

    CIO Journal, overseen by editor Michael Hickins, will be available online and via a standalone iPad app, and optimised for access via most smartphone devices. Subscribers will receive full access to WSJ.com and a daily morning newsletter providing the most up-to-date and relevant information and analysis.

    The Wall Street Journal’s Deputy Managing Editor and Executive Editor, online Alan Murray said, “In the age of innovation, the chief information officer has evolved into a central, strategic player in the corporation. CIOs are no longer just running service organizations; they are central to the most critical issues facing the company, including digitization, mobility, cloud computing, and security. CIO Journal will provide CIOs and their staffs a single and definitive source for the information and tools they need to fulfill that expanded role.”

    CIO Journal will be the latest in a series of premium content verticals from Dow Jones that also includes CFO Journal, Wall Street Journal Professional Edition, DJ FX Trader and Dow Jones Banking Intelligence.

    Deloitte has entered into an exclusive arrangement to sponsor a regular stream of CIO-centric content and timely features, including research, topical digests, perspectives, and insights and technical analyses. Deloitte LLP also has a similar exclusive arrangement to sponsor a regular stream of CFO-centric content for CFO Journal, which launched in 2011.

    Deloitte Consulting principal and national MD of technology Janet Foutty said, “We work daily with CIOs who want and need broad business insight and context, along with deep technology knowledge and experience. There is a surprising gap among top-tier publications in offering a business-led, technology-enabled point of view for the senior technology executive. In today’s environment, given the staggering pace of change and innovation, CIO Journal will be a valuable source of news, information and insights.”

    CIO Journal will be anchored by a team of reporters and editors dedicated towards breaking important news to help business technology executives make better strategic and planning decisions. The service will also aggregate news from Dow Jones’ 2,000 journalists worldwide, as well as from sources from Factiva, which includes more than 31,000 global business and news sources, many of which are not available for free on the Web.

  • News Corp completes take over of Dow Jones

    MUMBAI: Rupert Murdoch’s News Corp has completed the $5 billion acquisition of Dow Jones, including its flagship Wall Street Journal.

    The takeover will give News Corp. control of a news brand. It opens up opportunities to use Dow Jones’ financial news to feed the Murdoch empire’s global businesses, including major growth markets like Asia.

    The News Corporation also bought ads to appear in newspapers around the world on Friday, including The New York Times, to trumpet the acquisition of Dow Jones. The version appearing in The Times covers three full pages, and begins with the words “Free people/Free markets/Free thinking” – a tweaking of the Journal editorial page’s guiding philosophy, “Free markets, free people.”

    For the first three quarters of 2007, Dow Jones revenue was up 1.8 per cent when adjusted for recent acquisitions to $1.53 billion. Operating income on that basis excluding special items was up 58.3 per cent at the same $104.6 million reported for all of 2006.