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Article: Can plans to revitalize Dow Jones Markets keep it from being devoured? (financial information provider losing market share to Bloomberg News)(FutureBanker)
- Article from:
- American Banker
- Article date:
- April 14, 1997
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Attempts to breathe life into the sagging market data company leave many skeptical of its future.
When Dow Jones & Company announced a $650 million, three- to four year program intended to expand and revitalize Dow Jones Markets, its financial information services unit formerly called Dow Jones Telerate, and hopefully recapture market share lost to arch-competitor Bloomberg News, you could almost hear groans on Wall Street.
Bloomberg has been raking in market share at a prodigious rate-some 73,000 systems were reportedly installed in 1996, a 35 percent increase over 1995-arguably becoming the leading source of information on the world's trading desks, leaving ...