Dow Jones Newswires To Acquire Oster Dow Jones From Oster Communications, LLC.

NEW YORK -- Dow Jones Newswires, a division of Dow Jones & Company (NYSE: DJ), today announced that it will become the owner of 100% of Oster Dow Jones (ODJ), a joint venture it established with Oster Communications, LLC, in January 2002, in which Dow Jones was previously a one-third owner. The new operation will be part of Dow Jones Newswires, and its news service--now branded Oster Dow Jones--will be rebranded as the "Dow Jones Commodities Service."

Completion of the acquisition is subject to customary closing conditions. Financial terms of the transfer, which are governed by the joint-venture operating agreement, weren't disclosed.

"Commodities and futures coverage is important to our strategy of covering news and information related to all asset classes, and we expect this to become a fast-growing part of our business," said Paul Ingrassia, president, Dow Jones Newswires. "Oster Communications and its founder, Merrill Oster, brought to this partnership an ear-to-the-ground sense of what commodities-news subscribers need, and this will continue under Dow Jones' control."

The Dow Jones Commodities Service chiefly serves two types of clients: financial professionals involved in trading commodity and financial futures, and farmers, manufacturers, end-users and bankers involved in the production, procurement and financing of physical commodities.

Dow Jones Newswires will acquire ODJ's current full-time news staff of 48 reporters and editors, as well as its extensive network of stringers, who will report through the respective senior editors of Newswires operations in the Americas, Asia/Pacific and Europe/Middle East/Africa. The Dow Jones Commodities Service will have bureaus in key commodities capitals, including Chicago; Kansas City, Kan.; New York; Washington, D.C.; Sao Paulo, Brazil; London; Abidjan, Ivory Coast; Singapore; and Sydney, Australia.

As they do now, commodities-news reporters will continue to cover precious and base metals, grains, livestock, coffee, sugar, cocoa, and orange juice, both for physical and futures markets.

John Hitchcock, who is currently the joint venture's vice president for sales and marketing, and a managing director of Dow Jones Newswires, will oversee the operations of the Dow Jones Commodities Service.

About Dow Jones Newswires

Dow Jones Newswires (www.djnewswires.com) provides real-time news for financial professionals in the equities, fixed-income, foreign-exchange, and energy markets. The division also offers news for financial firms' Web sites and Dow Jones Financial Information Services' sector-specific content. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Information Relating To Forward-Looking Statements and Non-GAAP Reconciliation:

This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including the volatility of the venture capital and private equity markets and the extent to which these markets begin to grow, following their contraction in recent years; the Company's ability to successfully integrate this acquired business, which includes the distinct newsletters, database and events businesses, into the company's Newswires business unit, and to achieve production and operational efficiencies in doing so; the competition from other news and information companies for products aimed at the venture capital or private equity markets; the volatility of the events business which is impacted by growth and contraction in the venture capital and private equity markets and by external factors that impact willingness to travel, such as war and other geopolitical events; and such other risk factors as may be included from time to time in the Company's reports filed with the Securities and Exchange Commission. This press release includes certain non-GAAP financial measures as defined under SEC rules. As required by SEC rules, we have attached to this press release a reconciliation of those measures to the most directly comparable GAAP measures. This reconciliation is also available on the Investor Relations page of our web site at www.dowjones.com.