Sunday, October 21, 2007

An 87% Drop in Net Income

Dow Jones announced an 87% drop in net income for Q3 versus the prior year. That number is skewed by last year's gains due to the sale of several local newspapers and a tax benefit. Nonetheless, print advertising continued its decline.

In its last earnings statement before it is absorbed by News Corp, the only growing operations were its digital businesses.

The results illustrate why Dow Jones, publisher of The Wall Street Journal,
has beefed up its electronic businesses as its traditional publishing operations

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