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MarketWatch
240px
Type of site
Financial Information
List of languages
HeadquartersNew York City
OwnerDow Jones & Company
EditorJeremy Olshan[1]
URLmarketwatch.com
LaunchedOctober 30, 1997; 24 years ago (1997-10-30)
Current statusOnline

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[]

  1. 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. 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. 
  3. "Whois Record for MarketWatch.com". Domain Tools.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. 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/. 
  5. 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/. 
  6. "Joint Venture Agreement - Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd". June 19, 2000.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. "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. 
  8. "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. 
  9. "MarketWatch.com hires general manager". Talking Biz News. 2016-05-17. Retrieved 2020-11-27.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. "'MarketWatch' Adds Paywall, 'WSJ Magazine' Reduces Print Frequency". www.mediapost.com. Retrieved 2020-12-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>

External links[]

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Template:Dow Jones

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