MarketWatch
Template:Short description Script error: No such module "about". Template:Use mdy dates Template:Italic title Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for unknown parameters".Script error: No such module "check for clobbered parameters".
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, along with The Wall Street Journal and Barron's.
History
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995.[1] The marketwatch.com domain name was registered on July 30, 1997.[2] The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer[1] and co-founder and chairman, Derek Reisfield.[3] Thom Calandra was its first 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.[1] 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] Mark DeCambre was named editor in chief on March 21, 2022.[11]
See also
- CBS MoneyWatch, CBS News's replacement for MarketWatch
- List of assets owned by News Corp
- Money (financial website)
References
External links
- ↑ a b c Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ a b Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".