| File:MarketWatch Logo.png | |
Type of site | Financial Information |
|---|---|
| Headquarters | New York City |
| Owner | Dow Jones & Company |
| Editor | Jeremy Olshan[1] |
| URL | marketwatch |
| Launched | October 30, 1997 |
| Current status | Online |
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp.
History[]
The company was conceived as DBC Online by Data Broadcasting Corp. in the fall of 1995.[2]
The marketwatch.com domain name was registered on July 30, 1997.[3]
The website launched on October 30, 1997 as a 50/50 joint venture between DBC and CBS News run by Larry Kramer[2] and with Thom Calandra as editor-in-chief.[4]
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief.[5]
In January 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $17 per share, the stock traded as high as $130 per share on its first day of trading, giving it a market capitalization of over $1 billion despite only $7 million in annual revenues.[2]
In June 2000, the company formed a joint venture with the Financial Times[6] with Peter Bale as managing editor.[7]
In January 2004, Calandra resigned amidst allegations of insider trading.[4]
In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share.[8]
In May 2016, MarketWatch hired Dan Shar as General Manager[9]
In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism".[10]
See also[]
- List of assets owned by News Corp
References[]
- ↑ Adinolfi, Joseph (May 14, 2014). "Jeremy Olshan takes reins as editor of MarketWatch". MarketWatch. https://www.marketwatch.com/story/jeremy-olshan-takes-reins-as-editor-of-marketwatch-2014-05-14.
- ↑ 2.0 2.1 2.2 Kramer, Larry (October 30, 2017). "The history of MarketWatch: How a sports data startup became a half-billion-dollar financial news site". Marketwatch. https://www.marketwatch.com/story/the-history-of-marketwatch-how-a-sports-data-startup-became-a-half-billion-dollar-financial-news-site-2017-10-30.
- ↑ "Whois Record for MarketWatch.com". Domain Tools.
{{cite web}}: - ↑ 4.0 4.1 "MarketWatch commentator resigns amid probe". Associated Press. NBC News. January 23, 2004. http://www.nbcnews.com/id/4031390/ns/business-us_business/t/marketwatch-commentator-resigns-amid-probe/.
- ↑ O'Shea, Chris (July 10, 2012). "David Callaway, MarketWatch Editor, Named USA Today EIC". Adweek. https://www.adweek.com/digital/david-callaway-marketwatch-editor-named-usa-today-eic/.
- ↑ "Joint Venture Agreement - Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd". June 19, 2000.
{{cite web}}: - ↑ "FT Marketwatch Appoints Managing Editor". Pearson plc. March 20, 2000. https://www.pearson.com/news-and-research/announcements/2000/03/ft-marketwatch-appoints-managing-editor.html.
- ↑ "DOW JONES & COMPANY CLOSES $528 MILLION MARKETWATCH ACQUISITION" (Press release). U.S. Securities and Exchange Commission. January 24, 2005. https://www.sec.gov/Archives/edgar/data/29924/000002992405000030/exhibit991.htm.
- ↑ "MarketWatch.com hires general manager". Talking Biz News. 2016-05-17. Retrieved 2020-11-27.
{{cite web}}: - ↑ "'MarketWatch' Adds Paywall, 'WSJ Magazine' Reduces Print Frequency". www.mediapost.com. Retrieved 2020-12-10.
{{cite web}}:
External links[]
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