MarketWatch

MarketWatch

MarketWatch

American financial information website

This article is about the website. For the TV show, see Market Watch.

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.

Quick Facts Type of site, Headquarters ...

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[2] 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

References

  1. [1]
    "Mark DeCambre named new editor in chief of MarketWatch". marketwatch.com. March 17, 2022.
  2. [2]
    Kramer, Larry (October 30, 2017). "The history of MarketWatch: How a sports data startup became a half-billion-dollar financial news site". Marketwatch.
  3. [3]
    "Whois Record for MarketWatch.com". Domain Tools.
  4. [4]
    "Contribution Agreement - CBS Inc., Data Broadcasting Corp. and MarketWatch.com LLC". Sample Business Contracts. Retrieved January 8, 2024.
  5. [5]
    "MarketWatch commentator resigns amid probe". NBC News. Associated Press. January 23, 2004. Archived from the original on July 9, 2023.
  6. [6]
    O'Shea, Chris (July 10, 2012). "David Callaway, MarketWatch Editor, Named USA Today EIC". Adweek. Archived from the original on July 9, 2023.
  7. [7]
    "Joint Venture Agreement – Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd". FindLaw. June 19, 2000. Archived from the original on July 9, 2023.
  8. [8]
    "FT Marketwatch Appoints Managing Editor". Pearson plc. March 20, 2000. Archived from the original on August 26, 2021.
  9. [9]
    "Dow Jones & Company closes $528 million MarketWatch acquisition" (Press release). U.S. Securities and Exchange Commission. January 24, 2005. Archived from the original on July 9, 2023.
  10. [10]
    Roush, Chris (May 17, 2016). "MarketWatch.com hires general manager". Talking Biz News.
  11. [11]
    Guaglione, Sara (October 26, 2020). "'MarketWatch' Adds Paywall, 'WSJ Magazine' Reduces Print Frequency". MediaPost.
  12. [12]
    "Mark DeCambre named new editor in chief of MarketWatch". MarketWatch. Retrieved April 23, 2022.
Share this article:

This article uses material from the Wikipedia article MarketWatch, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.