Sunday, September 25, 2011

Murdoch and Dow Jones Indexes

http://en.wikipedia.org/wiki/Dow_Jones_%26_Company
Excerpt:
Dow Jones & Company is an American publishing and financial information firm.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company was in recent years publicly traded but privately controlled. The company was led by the Bancroft family, which effectively controlled 64% of all voting stock, before being acquired by News Corporation.
The company became a subsidiary of News Corporation after an extended takeover bid during 2007.[3] It was reported on August 1, 2007 that the bid had been successful[4][5] after an extended period of uncertainty about shareholder agreement.[6] The transaction was completed on December 13, 2007. It was worth US$5 billion or $60 a share, giving NewsCorp control of The Wall Street Journal and ending the Bancroft family's 105 years of ownership.[7]
In 2010, the company sold 90% of Dow Jones Indexes to the CME Group, including the Dow Jones Industrial Average.

CME Group
Excerpt:
CME Group Inc. (NASDAQCME) owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. It also owns the Dow Jones stock and financial indexes. The contracts its exchanges trade include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather and real estate.[1]
The corporate world headquarters are in the Chicago Loop financial district The corporation was formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, it announced its acquisition of NYMEX Holdings, Inc., parent company of the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), which was formally completed on August 22, 2008.[2] The four exchanges now operate as designated contract markets (DCM) of the CME Group.[3]
On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes including the Dow Jones Industrial Average.[4]

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