DJ Newswires Sales Still Being Affected By Telerate Cancels

NEWS & COMMENTARY

Palm Springs, Calif.--Sales of Dow Jones Newswires (DJN) are still flagging despite the move in March 1998 to renegotiate out of an exclusive redistribution deal with Telerate for its news services. The company’s management said it expects newswires to see only single digit revenue growth for the first half of this year.

In a presentation on January 12 by Dow Jones management at a Salomon Smith Barney Telecom, Media & Entertainment conference in Palm Springs, California, the company said desp