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Dow Jones & Company Essay

Dow Jones & Company, Inc. , the publisher of The Wall Street Journal, Barron’s, Dow Jones Newswires, Dow Jones Indexes and MarketWatch. com, reported an eighteen percent hike in revenues for the first nine months of last year. Based on its regulatory filing, more than half of its revenues were derived from its consumer media units, such as The Wall Street Journal, Barron’s and MarketWatch. Dow Jones reported $493,277,000 of total revenues for the quarter ended September 30, 2007, about eighteen percent higher compared to the same period in 2006.

However, the company posted lower net income for the third quarter of 2007 at $13. 8 million, compared to $105. 4 million on net income in the same period in 2006. The lower net income is attributed to transaction costs related to the acquisition of News Corp. At September 30, 2007, Dow Jones’ balance sheet showed $2,013,061,000 of total assets, and $1,408,057,000 of total liabilities, resulting to a shareholders’ equity of $605,004,000. The company’s maintained its leadership in the consumer media sector by continually evolving and innovating its portfolio.

One of its innovations is the redesigning of the print layout of The Wall Street Journal with enhancements in its contents and design

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to capture new market and maintain its readership base. Dow Jones has also embarked on streamlining costs operations. This involves the reorganization of its units that resulted to the elimination of a hundred full-time positions. The company sees an annual savings of $55 million as a result of its restructuring. In addition, the company is looking at other initiatives that would lower costs for delivery and marketing.

The company believes that the benefit of this move will become more evident in 2008. NASDAQ The NASDAQ Stock Market LLC is a provider of securities listing and trading. Its revenues are derived from a number of sources that include, among others, listing fees, transaction service fees, and financial products. NASDAQ is considered in the United States the largest electronic equity securities market. It has approximately 3,200 companies on its list, making up for a total market capitalization of $4. 1 trillion. The company’s financial results for third quarter 2007 showed its continued profitability.

For the quarter ended September 30, 2007, it reported total revenues of $210 million, up 22. 7% compared to the same period in 2006. NASDAQ realized $365 million of net income, compared to $30. 2 million of net income for the same period in 2006. Majority of the third quarter 2007 net income was attributed to the sale of shares in the company. At September 30, 2007, NASDAQ’s balance sheet showed $3 billion in total assets, and $1. 2 billion in total liabilities, resulting to approximately $1. 8 billion of shareholders’ equity.

The company’s performance was driven by stiff competition among global markets for trading and listing of equities. Despite the adverse market condition, NASDAQ registered a 34% annual growth. NASDAQ says that its primary concerns and focus include the uncertainty of the U. S. economy, the global credit crunch, volatility in trading, regulatory amendments in the country and in the European Union that could affect trading, and the employment of technological advancements to the financial sector. The company also disclosed that it expects to own shares at OMX through a definitive agreement with Borse Dubai.

Under the agreement, NASDAQ will own all of the outstanding shares of OMX in exchange for $1. 7 million in cash plus 60. 6 million of its common shares. Reference United States Securities and Exchange Commission. Dow Jones & Company, Inc. Retrieved February 21, 2008, from http://sec. gov/Archives/edgar/data/29924/000119312507241830/d10q. htm#tx21966_5 United States Securities and Exchange Commission. The NASDAQ Stock Market, Inc. Retrieved February 21, 2008, from http://sec. gov/Archives/edgar/data/1120193/000119312507242445/d10q. htm#toc17549_7

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