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Dow Jones Newswires Launches Weekly Pub & Enters Into Ventures W/Oster.

Dow Jones Newswires (New York) and Oster Communications (Chicago, IL), a company that supplies real-time news and information services for currency, financial futures and commodities traders and risk managers worldwide, have entered into a venture to form a new commodity news company, OsterDow Jones Commodity News. The new company will be two-thirds owned by Oster and one-third by Dow Jones. Dow Jones and Oster also said they intend to form a jointly-owned second company in the near future, OsterDow Jones Energy News, to cover the energy markets.

Dow Jones and Oster will merge their respective commodity news staffs, distribution channels and offices. The new company will offer three primary information services: OsterDow Jones FWN, which will be distributed to all of Oster's current Future World News subscribers, is an overview newswire covering commodities in all time zones; OsterDow Jones AgriWire, which will include in-depth and background data on U.S. and global agriculture; and, OsterDow Jones CommodityWire, which will include coverage of all commodities in all times zones with an overview of the energy markets. OsterDow Jones will also provide custom news packages for client Web sites. OsterDow Jones will begin operations on Jan. 1, 2002. The new energy joint venture is expected to begin operating in the spring of 2002.

In related news, Dow Jones Newswires has begun the publication of Dow Jones Discount and Distressed Technology Alert. The new weekly e-mail newsletter will "examine the risks and opportunities in technology companies, covering everything from fundamentals to industry trends," Dow Jones said. A monthly subscription costs $195 and an annual subscription costs $2340. The letter is e-mailed every Thursday.

The letter is targeted to institutional investors, telecom and high-tech executives, consultants and other financial professionals. Editorial for the newsletter includes examinations of the operations and financials of technology companies under pressure or undervalued. It will also include news stories related to distressed-technology companies and market statistics.

Editor Michael Rappaport said "the time is right for a newsletter like this, not only to keep people abreast of the issues at high-tech companies but to explain warning signs and opportunities alike."
COPYRIGHT 2001 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Dow Jones Newswires Launches Weekly Pub & Enters Into Ventures W/Oster.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 30, 2001
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