Dow Jones & Company 2003 Advertising Linage Percentage Increases/Decreases from 2002.

Business Editors

NEW YORK--(BUSINESS WIRE)--July 15, 2003

Dow Jones & Company 2003 Advertising Linage Percentage Increases
(Decreases) from 2002




                               June        2nd Quarter   Year-To-Date
                           Actual  Per    Actual  Per    Actual  Per
                                   Issue          Issue          Issue

THE WALL STREET JOURNAL
General                      6.9          (15.4)          (7.4)
Technology                 (11.1)          (3.2)         (15.7)
Financial                   (2.3)         (14.5)         (26.9)
Classified & Other           8.4           11.1           13.1

                          ------- ----- -------- ------ ------- ------
Total                        1.0  (3.8)    (7.9)  (7.9)   (9.4)  (9.4)

THE WALL STREET JOURNAL
 EUROPE(1)                  32.7  32.7      4.9    6.7    12.6   12.6

THE ASIAN WALL STREET
 JOURNAL(2)                 17.3  11.7     (4.9)  (3.4)   (0.3)  (0.3)

OTTAWAY NEWSPAPERS,
 INC.(3)
(excludes preprints)
Daily                       (4.0)          (2.9)          (1.8)
Non-Daily                   (2.8)           0.3            1.5
Total                       (3.8)          (2.4)          (1.3)

BARRON'S
Nat'l Advertising Pages     16.1  (7.1)   (22.9) (22.9)  (20.4) (23.4)

Number of Issues:           2003  2002     2003   2002    2003   2002
THE WALL STREET JOURNAL       21    20       64     64     126    126

THE WALL STREET JOURNAL
 EUROPE                       20    20       60     61     123    123

THE ASIAN WALL STREET
 JOURNAL                      21    20       64     65     125    125

BARRON'S                       5     4       13     13      26     25

(1) Excludes barter
(2) Excludes barter and regional advertising
(3) Excludes acquisitions and divestitures