Personal Finance

Tuesday, February 23, 2010

“News Corp in talks to buy other 50 percent of SmartMoney from Hearst ... - Chicago Tribune” plus 3 more

“News Corp in talks to buy other 50 percent of SmartMoney from Hearst ... - Chicago Tribune” plus 3 more


  • News Corp in talks to buy other 50 percent of SmartMoney from Hearst ... - Chicago Tribune
  • Do you think that Obama's "health care summit" will be a success or a ... - Town Hall
  • Dow Jones in talks to buy Hearst half of SmartMoney - France 24
  • Dow Jones Takes Over SmartMoney From Hearst - The Business Insider

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News Corp in talks to buy other 50 percent of SmartMoney from Hearst ... - Chicago Tribune

Posted: 23 Feb 2010 12:44 PM PST

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By Associated Press

2:43 p.m. CST, February 23, 2010


Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Do you think that Obama's "health care summit" will be a success or a ... - Town Hall

Posted: 23 Feb 2010 12:44 PM PST

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News Corp.'s Dow Jones unit says it's in talks to buy the 50 percent of SmartMoney magazine that its partner Hearst Corp. owns.

The two have shared ownership of the personal finance magazine since 1991. The magazine published its first issue a year later.

Dow Jones & Co., the owner of the Wall Street Journal, says the partners are in talks to transition SmartMoney to 100 percent Dow Jones ownership.

It plans to align SmartMoney with its other personal finance properties. Possible alliances include the Journal, Barron's, MarketWatch and FiLife, which Dow Jones owns with IAC/InterActiveCorp.

News Corp. Class A shares were down 28 cents, or 2.1 percent, at $13.21 in afternoon trading on Tuesday.

Dow Jones in talks to buy Hearst half of SmartMoney - France 24

Posted: 23 Feb 2010 11:32 AM PST

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AFP - News Corp.'s Dow Jones is in talks to buy partner Hearst Corp.'s half of personal finance magazine SmartMoney, The Wall Street Journal reported Tuesday.

The Journal, which is published by Dow Jones, said the purchase could be announced within days. It said a price could not be learned.

"Hearst Corporation and Dow Jones have been partners since 1991 and have regularly discussed what is best for the SmartMoney brand," the Journal quoted Dow Jones as saying.

"We are in talks to transition SmartMoney 100 percent to Dow Jones ownership," the Dow Jones statement said.

Dow Jones and Hearst are equal partners in SmartMoney, which was launched in 1992 and has a monthly circulation of 800,000. It also operates a website, SmartMoney.com, and a custom publishing division.

The Journal said the number of pages of advertising in SmartMoney fell 23 percent in 2009 from 2008, a trend which affected the entire magazine industry.

The newspaper said Hearst oversees business operations for the publication such as circulation and marketing while Dow Jones is responsible for editorial operations.

The Journal, citing "people familiar with the matter," said Dow Jones plans to integrate SmartMoney's editorial employees into its own news staff and there would be a "small number" of layoffs in business operations.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Dow Jones Takes Over SmartMoney From Hearst - The Business Insider

Posted: 23 Feb 2010 10:49 AM PST

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Dow Jones & Company is in talks to take over Hearst Corporation's half of SmartMoney, the finance magazine and website.

SmartMoney: "The Wall Street Journal Magazine" has been a split production from both companies, with Hearst dealing with business aspects, while Dow Jones held up the editorial side, since its launch in 1992.

The companies "have regularly discussed what is best for the SmartMoney brand," according to Dow Jones' statement sent to us by email. "We are in talks to transition SmartMoney 100% to Dow Jones ownership, where it will be aligned with our other personal finance properties.  A specific timeline hasn't been determined."

According to the Wall Street Journal, whose publisher is Dow Jones, sources say SmartMoney editorial staff will join Dow Jones' newsroom and a few layoffs are expected.

SmartMoney's rate base circulation is about 800,000. Its ad pages fell 23% last year, compared to 2008, according to the Publishers Information Bureau.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

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