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THE NEW YORK TIMES COMPANY AND DOW JONES ANNOUNCE AGREEMENT TO DISTRIBUTE SAME-DAY NEW YORK TIMES ON DOW JONES ELECTRONIC SERVICES

 NEW YORK, Dec. 6 /PRNewswire/ -- Dow Jones & Company, Inc. (NYSE: DJ), and The New York Times Company (AMEX: NYT.A) today announced an agreement for the daily news content of The New York Times as carried by The New York Times News Service to be distributed by Dow Jones Business Information Services beginning in the spring of 1994. Dow Jones will be the only electronic provider of both The Wall Street Journal and The New York Times together. The announcement was made jointly by Arthur Ochs Sulzberger, chairman and chief executive officer of The New York Times Company, and Peter R. Kann, chairman and chief executive officer of Dow Jones.
 Mr. Kann said: "With this agreement, the unparalleled reporting resources of The Wall Street Journal and The New York Times will be available together electronically for the first time. By combining same-day text of The New York Times with same-day text from The Wall Street Journal on our Dow Jones News/Retrieval and DowVision services, we can provide our customers with more breadth and unmatched international coverage."
 Mr. Sulzberger said, "This new venture will extend service they have not had until now -- The New York Times, delivered fresh each morning to their `electronic doorstep.'"
 On the same day The Times is published, customers will be able to obtain electronic delivery of The New York Times News Service on three popular services available on Dow Jones News/Retrieval, and through DowVision. Dow Jones News/Retrieval is an electronic library of more than 1,700 business and financial information sources covering millions of companies around the world. DowVision provides real-time delivery of the full text of The Wall Street Journal and Dow Jones and other business newswires directly into customers' internal computer systems, where it is sorted by specialized software.
 The three News/Retrieval services featuring The New York Times News Service are:
 -- Dow Jones Business & World Newswires, which includes up-to-the-minute information from Dow Jones newswires, Business Wire, PR Newswire and other sources, each searchable by company or topic.
 -- Dow Jones Clipping Service, a service that scans and delivers news and information on topics specified by each customer, searching from a wide variety of sources. The electronic "clips" for each day are delivered to a customer's computer, electronic mail or fax machine.
 -- Dow Jones Text Library, a fully searchable database comprising stories from more than 1,400 Times News Service distributes about 90 percent of the content of the daily Times including world, national and New York metropolitan news, business, sports, science news and editorial columns.
 Kenneth L. Burenga, president and chief operating officer of Dow Jones, said: "We are delighted to provide our Dow Jones News/Retrieval and DowVision customers with the powerful daily news combination of The New York Times and The Wall Street Journal. This one-of-a-kind information offering exemplifies Dow Jones's commitment to provide the highest quality electronic products and services offering the most authoritative, accurate and timely news available anywhere."
 Lance R. Primis, president and chief operating officer of The New York Times Company, said: "We are clearly excited about working with a premier provider of electronic business information. Our hope is that this collaboration will not only produce a service of immediate value to our customers, but will also provide a framework for exploring other innovative projects with Dow Jones down the road."
 Dow Jones Business Information Services is a part of the Information Services Group of Dow Jones, which includes Dow Jones/Telerate and Dow Jones Financial News Services. Business Information Services provides business and financial news and information products to corporations and consumers through a variety of electronic media: computer, telephone, facsimile and radio. Dow Jones News/Retrieval and DowVision are registered service marks of Dow Jones & Company, Inc.
 Dow Jones also publishes The Wall Street Journal and its international editions, Barron's and community newspapers.
 The New York Times Company has the following lines of business: newspapers, magazines, broadcasting, information services and forest products. In addition to The New York Times, the Times Company publishes The Boston Globe and 31 Regional Newspapers; owns a wholesale newspaper distribution business and one-half interest in the International Herald Tribune; publishes 20 magazines including Family Circle, McCall's, Golf Digest and Tennis; operates five network- affiliated television stations, two radio stations, a news service and other information services, and has interests in two newsprint mills and one supercalendered paper mill.
 -0- 12/6/93
 /CONTACT: Nancy Nielsen, 212-556-7078, or William Adler, 212-556-7077, both of The New York Times Company; or Wendell Wood Collins, 609-520-4685, or Maggie Landis, 609-520-4683, both of Dow Jones & Company, Inc./
 (DJ NYT)


CO: Dow Jones & Company, Inc.; The New York Times Company ST: New York IN: PUB SU: PDT

TW -- NY071 -- 0817 12/06/93 13:06 EST
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Publication:PR Newswire
Date:Dec 6, 1993
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