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.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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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
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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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.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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