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Article: Dow Jones Reconsidering Data Service Overhaul
- Article from:
- The Washington Post
- Article date:
- October 17, 1997
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Dow Jones & Co. said today it is reviewing whether to continue
with a $650 million revamping of its troubled Dow Jones Markets
financial information service, prompting speculation that the unit
could be for sale.
Dow Jones spokesman Richard Tofel said company management and
the board of directors were "engaged in a review of that plan and
various alternatives concerning Dow Jones Markets."
Tofel would not specify what those alternatives might be and
said Dow Jones has not been displeased with the unit's performance.
"That's kind of a veiled indication that they may consider
selling it," said Michael Kupinski, an analyst with A.G. Edwards &
Sons Inc. in St. Louis.
Dow Jones shares, ...