Dow Jones Reports Drop In Net, Installs Its Own At Telerate
THIS WEEK'S LEAD STORIES
In what's fast becoming a convention, Dow Jones & Co.'s Telerate Systems Inc. subsidiary hurt the parent's bottom line in the latest quarterly reporting period, and the parent injected more of its own blood into the ranks of its wayward data vendor unit.
For the third quarter of 1990, Dow Jones posted a 17.5 percent drop in net income and a 41.4 percent slump in operating income from a year earlier. Third-quarter net tumbled to $23.8 million from $28.8 million, despite benefiting from a one-time
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