WSJ: Dow Jones Indexing Up For Sale
Source: http://www.indexuniverse.com/sections/newsinfocus/6368-wsj-dow-jones-indexing-up-for-sale.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rssPosted on Friday, August 21st, 2009 | In Exchange Traded Funds, Market Commentary
News Corp. is considering selling the venerable Dow Jones indexing business.
News Corp. is considering selling the venerable Dow Jones indexing business, including the Dow Jones Industrial Average, according to reports posted on the Wall Street Journal’s Web site on Friday afternoon.
The Journal says that Goldman Sachs is leading the sales process, which is in the early stages and is, at this point, exploratory in nature.
Many have wondered what would become of the indexing business following News Corp.’s 2007 acquisition of Dow Jones & Co. News Corp. paid more than $5 billion for Dow Jones and its crown jewel, the Wall Street Journal. The indexing piece always appeared to be an odd fit within the News Corp. structure.
According to the Journal, the indexing unit had revenues of $101 million for the nine months ending September 2007.
Dow Jones refused to comment on what it called “market rumors.”
The Wall Street Journal story is available here.
Last 5 posts by IndexUniverse Staff
- Will UNL Beat UNG? - November 19th, 2009
- A Real Hedge Fund ETF? - November 17th, 2009
- ProShares’ Positive Tax Surprise? - November 17th, 2009
- Better Than Cash? - November 17th, 2009
- Stoxx Indexes Bought; Company Valued At $900M - November 13th, 2009
Dow 30, DOW Jones & Co., Exchange Traded Funds, Goldman Sachs, index universe, Market Commentary, News Corp, The Wall Street Journal, USD, Wall Street Journal
![]() About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective. The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets. |



