Dow Jones Newswires Wins Bid for Bridge's Equities, Commodities and Energy News Contracts.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 9, 2001 Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company announced today that Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July has won the bidding for Bridge Information Systems Inc.'s equities and commodities/energy news contracts. The contracts purchased by Dow Jones are with financial professional customers in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. equities markets (primarily through Bridge platforms) and traders and others in the commodities/energy segments (primarily through other distribution platforms). Under the agreement, Dow Jones will pay $6.5 million to Bridge for the contracts. Dow Jones Newswires also will provide news to all current Bridge customers on an interim basis until other Bridge assets can be sold, at which point these customers may choose to continue receiving Dow Jones Newswires on standard terms. Current Dow Jones Newswires customers via Bridge platforms will continue to receive Dow Jones Newswires on existing terms. Dow Jones Newswires has also agreed to hire 10 members of the current Bridge News staff. The agreement between Dow Jones and Bridge Information Systems will be submitted for approval to the U.S. bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in St. Louis, which is overseeing the Bridge bankruptcy. "We are delighted to be able to help maintain informed financial markets by ensuring that current customers of Bridge News get uninterrupted access to news during the Bridge bankruptcy proceeding and beyond," said Gordon Crovitz, senior vice president, electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. , of Dow Jones & Company. Crovitz added. "This financially and strategically attractive transaction leverages the Dow Jones core strengths of news gathering and distribution, further extending our leading brand and content." "We are confident that our new customers will place a high value on the equities and commodities/energy news from Dow Jones, the world's leading provider of real-time financial news," said Paul Ingrassia, president of Dow Jones Newswires. Dow Jones Newswires provides real-time news for financial professionals across five asset classes: equities, fixed-income, foreign exchange, commodities and energy. The division also offers news for financial firms' Web sites. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
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