SCROLLING NEWS

SCROLLING NEWS

DJ NEWSWIRES PAYS $2M LESS FOR UNBUNDLED BRIDGE NEWS CONTRACTS

The sale of Bridge News’ unbundled Live Wire and commodities news contracts was approved by the US Bankruptcy Court in St. Louis for $4.5 million instead of $6.5 million, according to Tim Turner, Dow Jones Newswires’ general manager. Turner says that when the company took a closer look at the deal, "there weren’t as many contracts available for purchase." Dow Jones Newswires has hired seven Bridge News employees (IMD, Sept. 24) bu