Press Releases

A Note from Almar Latour Colleagues, I’m pleased to announce that Jennifer Thurman is appointed Chief Communications Officer for Dow Jones. Jen will oversee all corporate communications functions for our company and is tasked with shaping and sharing the story of all of our brands, internally and externally. We have an exciting narrative of profitable growth, change, innovation and expansion, and Jen will help us build on our mission to provide the world’s most trusted journalism, information, data and analytics to help people make decisions. Jen is exceptionally well prepared for the role and knows us well, having recently spent many months as a strategic communications consultant with Dow Jones, working closely with leaders and other colleagues across our operations. Jen previously oversaw her own leadership and executive coaching practice, advising key executives on strategy, communications and change. Prior to that, she led the communications strategy for Medtronics’s Surgical Innovations, where she specialized in strategic transformation initiatives. Jen previously was Vice President of Communications for ProBuild, a national building supply company, where she oversaw communications around transformation. She also held various leadership roles with Level 3 Communications, where she led communications integration strategy for major acquisitions during a period of significant company expansion and industry consolidation. Jen brings a growth mindset and passion for communicating a compelling vision and building cohesive, energized teams. This expertise, along with her deep experience as a corporate communications leader in global organizations, will make her a key new addition to the executive team. Jen will be moving to New York from Colorado in the coming months. Her first day will be Nov. 15, and she will report to me. Please join me in welcoming Jen to Dow Jones. Almar

A note from Almar Latour Colleagues, We’ve had an exceptionally strong start to the financial year, as announced by News Corp in its Q1 FY22 earnings. Your efforts and commitment to our mission have contributed to achieving our highest Q1 segment EBITDA on record, driven by our highest Q1 revenue on record. Together, we are delivering our strategic pillars of being unique, ubiquitous and united. Thank you. Here are some highlights from the quarter: Our segment EBITDA continues to grow—up 32% from the prior year to reach $95 million. Total revenue was up—15% from the prior year to reach $444 million. Digital revenue grew—powering overall revenue growth of 15%. Digital revenue now accounts for 75% of our total revenue. Our membership community growth continues—up 18% year-on-year despite the industry seeing a slowdown as we begin to come out of the pandemic. Of this, digital-only subscriptions grew 24%. MarketWatch continues to benefit from new revenue streams—less than a year after launching its paywall. B2B continues to perform well—total revenue (across Risk & Compliance, Factiva and Newswires) increasing 13%, up $15 million from the prior year to $128 million. Risk & Compliance revenue continues to surge—up 26% from prior year with its 25th consecutive quarter of double-digit revenue growth. Digital advertising continues to grow at a record pace, and we’re well-positioned for future growth—up 38% year-on-year, driven by strong performance across paid categories, particularly in technology, finance and other B2C.   The integration of Investor’s Business Daily (IBD) is progressing, with Q1 marking the first full quarter since they joined the News Corp family of companies. We are delighted to say that Q1 results are ahead of plan. We also look forward to OPIS and other related assets joining Dow Jones in the near future, subject to completion of the S&P Global acquisition of IHS Markit which is still underway. These results are proof that we have been fulfilling our mission—to provide the world’s most trusted journalism, data and analysis to help people make decisions. As we look ahead, we will continue to build on our momentum and focus our strategy to provide more in-depth information, research and analysis to more people. The brands we build are one-of-a-kind, as is the combination of assets we bring to bear. We will strive to continue to bring unique content, products and services to the market, while achieving ubiquity through an expansion of our scale and reach. I look forward to sharing more about our focused strategy in the weeks and months to come—united as Dow Jones. In doing this, we will provide truth to good ends. Almar

A note from Almar Latour Colleagues, Adweek has named The Wall Street Journal “Hottest in Subscription Services” in its annual Hot List issue, out today, celebrating the best in publishing, TV and digital marketing. Adweek cited our propensity-led paywall, our growing membership numbers and the steady rise in time that members are spending with our content. This recognition is a testament to the phenomenal journalism produced by The Wall Street Journal, as well as the energy and expertise of Marketing, Membership, Customer Intelligence, Customer Service, Finance and other teams. Our mission—to be the source of truth for decision-makers—has never been more clear. We must strive to maintain this momentum to build for long-term growth. Thank you all for your continued support, and please join me in celebrating this well-deserved accolade. Almar

Elkhart-Goshen, Ind. is the No.1 emerging market in America. [NEW YORK/SANTA CLARA, Calif.] Oct. 18, 2021 The Wall Street Journal and Realtor.com® today released the WSJ/Realtor.com® Fall 2021​ Emerging Housing Markets Index​, which revealed Elkhart-Goshen, Ind. is now the No.1 emerging market in America. The index ​analyzes key housing market data, as well as economic vitality and lifestyle metrics, to surface emerging housing markets that offer a high quality of life and are expected to see future home price appreciation. The Top-20 Emerging Markets for Fall 2021 are: Elkhart-Goshen, Ind. Rapid City, S.D. Topeka, Kan. Raleigh, N.C. Jefferson City, Mo. Burlington, N.C. Coeur d’Alene, Idaho Eureka-Arcata-Fortuna, Calif. Johnson City, Tenn. Huntsville, Ala. Colorado Springs, Colo. Fort Wayne, Ind. Manchester-Nashua, N.H. Kennewick-Richland, Wash. Decatur, Ala. Billings, Mont. North Port-Sarasota-Bradenton, Fla. Waco, Texas Durham-Chapel Hill, N.C. Boulder, Colo.   Taking a Deeper Dive Into the Top Markets: Returning Markets: Our list saw 15 repeat markets among the top 20 including our new number one market, Elkhart-Goshen, Ind. Previous number one markets, Billings, Mont., which topped the summer emerging housing markets index and Coeur D’Alene, which topped the spring emerging housing markets index, both remain in the top twenty. Other repeat markets include: Rapid City, S.D.; Topeka, Kan.; Raleigh, N.C.; Jefferson City, Mo.; Burlington, N.C.; Eureka-Arcata-Fortuna, Calif.; Johnson City, Tenn.; Huntsville, Ala.; Colorado Springs, Colo.; Fort Wayne, Ind.; Manchester-Nashua, N.H. and Waco, Texas. Strong job markets attract newcomers and push up home prices Each emerging market is home to strong job markets, which have driven up home prices. On average, the unemployment rate in the top-20 emerging markets was 3.9% compared to 5.1% for the 300-metro average. Steady income is a significant driver of home prices and these areas are no exception. The average median asking price in these areas was more than double the average rate of growth in all 300 markets — at 13.4% vs. 6.6%, respectively. Notably, last quarter’s top markets were generally more affordable, but in the fall quarter’s data, they’re more expensive, on average, with a median price of $392,800 among top markets compared with $359,100 among all 300 markets. Lower cost of living helps offset higher home prices Even though housing is pricier than average in these markets, other costs of living are lower (the regional price parities average 93.4 vs. 94.6) and average wages are slightly higher ($1,056 versus $1,049 weekly). The estimated property tax rate is also slightly lower, averaging 0.89% compared with 1.12%. When property tax savings are applied to the typical asking price of a home, this lower rate means savings of more than $550 per year, even though the median list price is higher.  Workers have shorter commute times Commute data suggests that getting to and from work is a bit faster in the emerging metros than all 300 metros. With the typical commute taking 22.6 minutes compared to 24.4 minutes, workers in these areas save a total of 15 hours over the course of a year. Two Vacation Hot Spots Made the Top-20 There are vacation destinations among the top emerging markets, notably Coeur D’Alene, ID and North Port-Sarasota-Bradenton, FL where 9.1% and 16.4% of homes are vacation properties, respectively. However, just 2.6% of the housing stock in the top-20 markets on average are vacation homes, compared with 3.6% among all 300 metro areas reviewed. Read the full report at http://wsj.com/housingindex  Methodology: The ranking evaluates the 300 most populous core-based statistical areas, as measured by the U.S. Census Bureau, and defined by March 2020 delineation standards for eight indicators across two broad categories: real estate market (50%) and economic health & quality of life (50%). Each market is ranked on a scale of 0 to 100 according to the category indicators, and the overall index is based on the weighted sum of these rankings. The real estate market category indicators are: real estate demand (16.6%), based on average unique viewers per property; real estate supply (16.6%), based on median days on market for real estate listings, median listing price trend (16.6%). The economic and quality of life category indicators are: unemployment (6.25%); wages (6.251%); regional price parities (6.25%); the share of foreign born (6.25%); small businesses (6.25%); amenities (6.25%), measured as per capita “everyday splurge” stores in an area; commute (6.25%); and estimated effective real estate taxes (6.25%). About The Wall Street Journal. The Wall Street Journal is a global news organization that provides leading news, information, commentary and analysis. Published by Dow Jones, The Wall Street Journal engages readers across print, digital, mobile, social, and video. Building on its heritage as the preeminent source of global business and financial news, the Journal includes coverage of U.S. & world news, politics, arts, culture, lifestyle, sports, and health. It holds 38 Pulitzer Prizes for outstanding journalism. About Realtor.com® Realtor.com® makes buying, selling, renting and living in homes easier and more rewarding for everyone. Realtor.com® pioneered the world of digital real estate more than 20 years ago, and today through its website and mobile apps is a trusted source for the information, tools and professional expertise that help people move confidently through every step of their home journey. Using proprietary data science and machine learning technology, Realtor.com® pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. For professionals, Realtor.com® is a trusted provider of consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit Realtor.com®. Contacts: For The Wall Street Journal Steve Severinghaus [email protected] For Realtor.com® Lexie Puckett Holbert [email protected] # # #