Dow Jones's president will retire

Article Abstract:

President and COO Kenneth L. Burenga retires from Dow Jones & Co. effective the end of the year. At present the plan is to reorganize the executive level without replacing Burenga with another president. At least one board member and family member thinks that would be a radical departure. For now, Peter R. Kann is chairman. Jerome H. Bailey, CFO, was named executive v.p. along with Peter G. Skinner, the company's general counsel. Also in positions of top management will be the heads of print publishing, electronic publishing, and the community newspaper divisions.

Executive changes & profiles, Officials and employees, Abstract, DJ, Dow Jones & Company Inc.

---

Steady growth of revenue is energizing newspapers

Article Abstract:

The newspaper industry is at its strongest level since 1986 despite the rise of paper prices during the middle of the 1990's. Paper prices increased 30% for two successive years. However, newspaper classified advertising is on the rise. This advertising has created a wave of revenues for the entire industry. According to early returns, the newspaper industry will see a growth in circulation numbers for 1998. The newspaper industry has not experienced an improvement in circulation since 1986.

Comment:

Newspaper industry is at its strongest level since 1986 despite the rise of paper prices during the middle of the 1990's

Market information - general, Company Planning/Goals, Industry Market Data, Article

---

CNBC invests in electronic stock trader; financial channel enters new market

Article Abstract:

The financial news network CNBC has purchased a 12.4 percent equity stake in electronic stock trader Archipelago. The company has applied to the Securities and Exchange Commission for permission to be registered as a stock exchange as they are only now officially a securities dealer. This investment signifies a trend of many media companies to go outside of their traditional media investment channels and put money into financial institutions directly.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Cable Television Systems, Cable Networks, Cable and other pay TV services, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Online services, Internet services, Company investment, Investments, Cable television broadcasting industry, Cable television, Electronic trading (Securities), Online securities trading, Consumer News and Business Channel Partnership, Archipelago Holdings Inc.

Similar abstracts:

• Abstracts: Allied Signal in $9.8 billion hostile bid in electronics. Ascend to sell Stratus unit to Investcorp
• Abstracts: Precision instrument industry. Foreign electronics/entertainment
• Abstracts: Zapata in deals to buy 21 Internet properties. Investment site co-founder is at home on the Internet. New owners of Byte suspend publication
• Abstracts: British Telecom to acquire MCI's stake in joint venture. MCI reported to be near full Internet sale. In newest deal, Alcatel to buy DSC for stock
• Abstracts: Inacom to purchase Vanstar in $480 million stock swap. Xerox recruits IBM's Firestone as retail chief, rejoining ex-boss

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.