Dow Jones closes Smart Money print version in favour of digital
Smart Money is wholly owned by Dow Jones & Co., publishers of the Wall Street Journal. It originally was a joint venture started in 1992 between Dow Jones and Hearst Corporation ( current Hearst president David Carey was the first publisher.) The magazine has been losing print ads and 2012 so far is down 9.3%.
In a statement regarding the decision to fold the magazine, Dow Jones & Co. editor-in-chief Robert Thomson said in a statement: “It’s clear that the volatility of markets and asset classes has increased the need for rapid delivery of personal finance intelligence, so we will be expanding our team and presence on the Web.”
Labels: closures, print-to-web
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