MarketWatch
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Type of site | Financial Information |
---|---|
Headquarters | New York City |
Owner | Dow Jones & Company |
Editor | Mark DeCambre[1] |
URL | marketwatch |
Launched | October 30, 1997 |
Current status | Online |
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp.
History[edit]
The company was conceived as DBC Online by Data Broadcasting Corp. 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 run by Larry Kramer[2] and with Thom Calandra as editor-in-chief.[4]
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief.[5] 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[6] with Peter Bale as managing editor.[7]
In January 2004, Calandra resigned amidst allegations of insider trading.[4] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share.[8]
In May 2016, MarketWatch hired Dan Shar as general manager[9] In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism".[10] Mark DeCambre was named editor in chief on March 21, 2022.[11]
See also[edit]
References[edit]
- ^ "Mark DeCambre named new editor in chief of MarketWatch". marketwatch.com. March 17, 2022.
- ^ a b c Kramer, Larry (October 30, 2017). "The history of MarketWatch: How a sports data startup became a half-billion-dollar financial news site". Marketwatch.
- ^ "Whois Record for MarketWatch.com". Domain Tools.
- ^ a b "MarketWatch commentator resigns amid probe". NBC News. Associated Press. January 23, 2004.
- ^ O'Shea, Chris (July 10, 2012). "David Callaway, MarketWatch Editor, Named USA Today EIC". Adweek.
- ^ "Joint Venture Agreement – Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd". June 19, 2000.
- ^ "FT Marketwatch Appoints Managing Editor". Pearson plc. March 20, 2000.
- ^ "DOW JONES & COMPANY CLOSES $528 MILLION MARKETWATCH ACQUISITION" (Press release). U.S. Securities and Exchange Commission. January 24, 2005.
- ^ Roush, Chris (May 17, 2016). "MarketWatch.com hires general manager". Talking Biz News.
- ^ Guaglione, Sara (October 26, 2020). "'MarketWatch' Adds Paywall, 'WSJ Magazine' Reduces Print Frequency". MediaPost.
- ^ "Mark DeCambre named new editor in chief of MarketWatch". MarketWatch. Retrieved April 23, 2022.