MarketWatch explained
| MarketWatch |
| Type: | Financial Information |
| Location: | New York City |
| Owner: | Dow Jones & Company |
| Editor: | Mark DeCambre[1] |
| Current Status: | Online |
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.[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, then run by Larry Kramer and co-founder and chairman, Derek Reisfield.[4] Thom Calandra was its first editor-in-chief.[5]
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief.[6] 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[7] with Peter Bale as managing editor.[8] In January 2004, Calandra resigned amidst allegations of insider trading.[5] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share.[9]
In May 2016, MarketWatch hired Dan Shar as general manager.[10] In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism".[11] Mark DeCambre was named editor in chief on March 21, 2022.[12]
See also
Notes and References
- News: Mark DeCambre named new editor in chief of MarketWatch . marketwatch.com . March 17, 2022.
- News: The history of MarketWatch: How a sports data startup became a half-billion-dollar financial news site . Larry . Kramer . Marketwatch . October 30, 2017.
- Web site: Whois Record for MarketWatch.com . Domain Tools .
- Web site: Contribution Agreement - CBS Inc., Data Broadcasting Corp. and MarketWatch.com LLC . 2024-01-08 . Sample Business Contracts .
- News: MarketWatch commentator resigns amid probe . . . January 23, 2004 . live . https://web.archive.org/web/20230709181500/https://www.nbcnews.com/id/wbna4031390 . Jul 9, 2023 .
- News: David Callaway, MarketWatch Editor, Named USA Today EIC . subscription . Chris . O'Shea . . July 10, 2012 . live . https://web.archive.org/web/20230709181455/https://www.adweek.com/performance-marketing/david-callaway-marketwatch-editor-named-usa-today-eic/ . Jul 9, 2023 .
- Web site: Joint Venture Agreement – Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd. . June 19, 2000 . FindLaw . live . https://web.archive.org/web/20230709181458/https://corporate.findlaw.com/contracts/operations/joint-venture-agreement-financial-times-group-ltd.html . Jul 9, 2023 .
- News: FT Marketwatch Appoints Managing Editor . . March 20, 2000 . dead . https://web.archive.org/web/20210826191757/https://www.pearson.com/news-and-research/announcements/2000/03/ft-marketwatch-appoints-managing-editor.html . Aug 26, 2021 .
- Dow Jones & Company closes $528 million MarketWatch acquisition . . January 24, 2005 . live . https://web.archive.org/web/20230709181449/https://www.sec.gov/Archives/edgar/data/29924/000002992405000030/exhibit991.htm . Jul 9, 2023 .
- News: MarketWatch.com hires general manager. Roush . Chris . Chris Roush . . May 17, 2016.
- News: 'MarketWatch' Adds Paywall, 'WSJ Magazine' Reduces Print Frequency . Sara . Guaglione . October 26, 2020 . MediaPost.
- Web site: Mark DeCambre named new editor in chief of MarketWatch . 2022-04-23 . MarketWatch . EN-US.
