WallStreet

The Wall Street Journal is an influential international daily newspaper published in New York City, New York with a worldwide average daily circulation of more than 2.6 million as of 2005. more...

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For many years it had the widest circulation of any newspaper in the United States, although it is currently second to USA Today with the Journal having a U.S. circulation of 1.8 million in November 2003. The Journal also publishes Asian and European editions. Its main rival as a daily financial newspaper is the London-based Financial Times, which also publishes several international editions. The Wall Street Journal is owned by Dow Jones & Company.

The Journal newspaper primarily covers U.S. and international business and financial news and issues—the paper's name comes from Wall Street, the street in New York City which is the heart of the financial district. It has been printed continuously since its founding on July 8, 1889 by Charles Dow, Edward Jones, and Charles Bergstresser. The newspaper has won the Pulitzer Prize twenty-nine times, including the 2003 and 2004 Pulitzer Prize for explanatory journalism.

Foundation to present day

Dow Jones & Company was founded in 1882 by reporters Charles Dow, Edward Jones and Charles Bergstresser. Jones converted the small Customers' Afternoon Letter into The Wall Street Journal, first published in 1889 , and began delivery of the Dow Jones News Service via telegraph. The Journal featured the Jones 'Average', the first of several indexes of stock and bond prices on the New York Stock Exchange.

Journalist Clarence Barron purchased control of the company in 1902; circulation was then around 7,000 but climbed to 50,000 by the end of the 1920s.

A complement to the print newspaper, the Wall Street Journal Online is the largest paid subscription news site on the Web — with 712,000 paid subscribers as of the fourth quarter of 2004.

In September 2005, the Journal launched a weekend edition, delivered to all subscribers, which marked a return to Saturday publication after a lapse of some 30 years. The move was designed in part to attract more consumer advertising.

In 2005 the Journal reported a readership profile of about 60% top management, an average income of $191,000, an average household net worth of $2.1 million, and an average age of 55.

In 2006 the paper announced that it would be including advertising on its front page for the first time. This follows front page advertising on the European and Asian editions in late 2005.

Read more at Wikipedia.org