Dow Jones' Bottom Line Takes A Beating, Transaction Products Get Scaled Back
VENDOR BRIEFING
NEW YORK--A massive $922.5 million charge relating to the scaling back of Dow Jones Markets forced Dow Jones & Co. to post its first loss since 1963. The Dow Jones Markets charge and other one-time charges caused a $928.0 million charge against fourth-quarter earnings and a loss for the year of $802.1 million.
The bulk of the write-off consists of $850 million in goodwill--a much larger figure than had been expected--and reduces the book value of Dow Jones Markets down to $550 million, from the
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