The Wall Street Journal is a daily international business newspaper based in New York City, with international editions in Chinese and Japanese. Dow Jones & Company, a division of News Corp., publishes The Journal and its Asian editions six days a week. The newspaper is available in broadsheet and online formats. Since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser, the Journal has been printed continuously. The Journal is widely regarded as a reliable source of business and financial news. The newspaper has 38 Pulitzer Prizes, the most recent of which was awarded in 2019.
The Wall Street Journal has one of the largest circulations in the United States, with approximately 2.834 million copies (including nearly 1,829,000 digital sales) as of August 2019, compared to 1.7 million for USA Today. The Journal publishes the luxury news and lifestyle magazine WSJ, which began as a quarterly publication but expanded to 12 issues in 2014. Since its inception in 1995, an online version has been available only to subscribers. The Journal’s editorial pages are typically conservative in their viewpoints.
Dow Jones & Company, the Journal’s publisher, began with brief news bulletins known as “flimsies,” which were hand-delivered throughout the day to stock exchange traders in the early 1880s. They were later compiled into a daily printed summary known as the Customers’ Afternoon Letter. Reporters Charles Dow, Edward Jones, and Charles Bergstresser transformed this into The Wall Street Journal, which was first published on July 8, 1889, and began telegraph delivery of the Dow Jones & Company News Service.
The “Dow Jones Industrial Average” was first published in 1896. It was the first of several New York Stock Exchange indices of stock and bond prices. The Review & Outlook column, which is still published today, first appeared in the Journal in 1899 and was written by Charles Dow. Clarence Barron, a journalist, bought control of the company in 1902 for US$130,000 (equivalent to $4,071,500 in 2021); circulation was around 7,000 at the time but had risen to 50,000 by the end of the 1920s. Barron and his predecessors were credited with fostering an environment of fearless, independent financial reporting, which was unusual in the early days of business journalism. Barron’s, the premier financial weekly in the United States, was founded in 1921. Barron died in 1928, a year before Black Tuesday, the stock market crash that exacerbated the United States Great Depression. The Bancroft family, Barron’s descendants, would continue to control the company until 2007.
The Journal rose to prominence in the 1940s, during a period of industrial expansion for the United States and its financial institutions in New York. Bernard Kilgore was named managing editor of the paper in 1941 and company CEO in 1945, eventually serving as the Journal’s CEO for 25 years. Kilgore created the paper’s iconic front-page design, as well as its “What’s News” digest and national distribution strategy, which increased the paper’s circulation from 33,000 in 1941 to 1.1 million by the time he died in 1967. Under Kilgore, the paper won its first Pulitzer Prize in 1947 for editorials by William Henry Grimes.
Dow Jones Newswires began a major international expansion in 1967, eventually placing journalists in every major financial center in Europe, Asia, Latin America, Australia, and Africa. Dow Jones purchased the Ottaway newspaper chain in 1970, which included nine daily newspapers and three Sunday newspapers at the time. The name was later changed to Dow Jones Local Media Group. From 1971 to 1997, the Wall Street Journal launched a number of products, acquisitions, and joint ventures, including “Factiva,” The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, Dow Jones Indexes, MarketWatch, and “WSJ Weekend Edition.” Dow Jones was purchased by News Corp. in 2007. The Wall Street Journal launched a luxury lifestyle magazine in 2008.
The Wall Street Journal was ranked the most trusted news organization by Americans in an October 2018 Simmons Research survey of 38 news organizations. According to Joshua Benton of Harvard University’s Nieman Journalism Lab, the paper’s “combination of respected news pages and conservative editorial pages appears to be a magic formula for generating trust across the ideological spectrum.” In July 2020, the “Personal Journal” section branding was reinstated.
The Journal collaborated with Facebook from 2019 to 2022 to provide content for the social media site’s “News Tab.” During that time, Facebook paid the Journal more than $10 million before ending the relationship as part of a larger shift away from news content. On June 13, 2022, the Journal launched Buy Side, a product review website. The website is still free, and it is run by a separate team from the Journal’s newsroom.
The Wall Street Journal is available digitally for $9.75 per week. You will get unlimited access on WSJ.com and in the WSJ app, daily puzzles and crosswords, audio versions of WSJ articles, and the WSJ+ premium benefits program. The WSJ Digital Bundle is available for $12.50 per week and includes everything that the basic subscription includes plus Unlimited access to Barrons.com and Marketwatch.com, the Barrons and MarketWatch apps, access to all three publications with a single account, live events with journalists from all three publications, and personal finance advice, stock picks, and news, all in one subscription.
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