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Dow Jones Agrees to Buy MarketWatch

Dow Jones & Company, the publisher of The Wall Street Journal, has agreed to buy MarketWatch, the parent company of the financial news Web site CBS MarketWatch, for approximately $519 million, the companies said today. The deal, reached on Sunday, is intended to give Dow Jones a way to reach a broad audience of consumers interested in financial news and a new source of revenue from online advertising.

Read the whole story at The New York Times, November 15, 2004 »

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