The Wall Street Journal March 03 2016 - pdf - zeke23

The Wall Street Journal March 03 2016

English | 44 Pages | PDF | 19.45 MB

The Wall Street Journal is a business-focused, English-language international daily newspaper based in New York City. The Journal is published six days a week by Dow Jones & Company, a division of News Corp, along with its Asian and European editions. The Wall Street Journal is the largest newspaper in the United States by circulation. According to the Alliance for Audited Media, the Journal had a circulation of about 2.4 million copies (including nearly 900,000 digital subscriptions), as of March 2013,[2] compared with USA Today's 1.7 million. The Wall Street Journal has won 39 Pulitzer Prizes through 2015[3] and derives its name from Wall Street in the heart of the Financial District of Lower Manhattan. The Journal has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser.

The first products of Dow Jones & Company, the publisher of the Journal were brief news bulletins hand-delivered throughout the day to traders at the stock exchange in the early 1880s. They were later aggregated in a printed daily summary called the Customers' Afternoon Letter. Reporters Charles Dow, Edward Jones, and Charles Bergstresser converted this into The Wall Street Journal, which was published for the first time on July 8, 1889, and began delivery of the Dow Jones News Service via telegraph.[4] In 1896, The "Dow Jones Industrial Average" was officially launched. It was the first of several indices of stock and bond prices on the New York Stock Exchange. In 1899, the Journal's Review & Outlook column, which still runs today, appeared for the first time, initially written by Charles Dow.

Journalist Clarence Barron purchased control of the company for US$130,000 in 1902; circulation was then around 7,000 but climbed to 50,000 by the end of the 1920s. Barron and his predecessors were credited with creating an atmosphere of fearless, independent financial reporting—a novelty in the early days of business journalism. In 1921, Barron's, America's premier financial weekly, was founded.[5] Barron died in 1928, a year before Black Tuesday, the stock market crash that greatly affected the Great Depression in the United States. Barron's descendants, the Bancroft family, would continue to control the company until 2007.[5]

The Journal took its modern shape and prominence in the 1940s, a time of industrial expansion for the United States and its financial institutions in New York. Bernard Kilgore was named managing editor of the paper in 1941, and company CEO in 1945, eventually compiling a 25-year career as the head of the Journal. Kilgore was the architect of the paper's iconic front-page design, with its "What's News" digest, and its national distribution strategy, which brought the paper's circulation from 33,000 in 1941 to 1.1 million at the time of Kilgore's death in 1967. Under Kilgore, in 1947, that the paper won its first Pulitzer Prize, for William Henry Grimes's editorials.[5]

In 1967, Dow Jones Newswires began a major expansion outside of the United States that ultimately put journalists in every major financial center in Europe, Asia, Latin America, Australia, and Africa. In 1970, Dow Jones bought the Ottaway newspaper chain, which at the time comprised nine dailies and three Sunday newspapers. Later, the name was changed to "Dow Jones Local Media Group".[6]

1971 to 1997 brought about a series of launches, acquisitions, and joint ventures, including "Factiva", the The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, Dow Jones Indexes, MarketWatch, and "WSJ Weekend Edition". In 2007 News Corp. acquired Dow Jones. WSJ., a luxury lifestyle magazine, was launched in 2008.

ype Daily newspaper
Format Broadsheet
Owner(s) News Corp (via Dow Jones & Company)
Editor-in-chief Gerard Baker
Opinion editor Paul A. Gigot
Founded July 8, 1889; 126 years ago
Political alignment Economic liberalism
Language English
Headquarters 1211 Avenue of the Americas
New York City, NY 10036
U.S.
Circulation 2,378,827 Daily[1] (as of March 2013)
ISSN 0099-9660
OCLC number 781541372
Website www.wsj.com