Dow Jones & Co. Nixes Revamp Plan; Active1, DJ Platform, DJ Feed To Survive
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NEW YORK--It's all over, bar the screaming.
Dow Jones & Co. last week pulled the plug on its ambitious $650 million plan to rebuild its Dow Jones Markets unit. The company says it plans to reduce DJM's staff by between 200 and 300, and expects to post "a very sizeable charge" against earnings in the fourth quarter, resulting in "a large net loss" for 1997, the first annual operating deficit since the company went public in 1963.
While Dow Jones says it is continuing its review of alternatives for
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