Dow Jones posts higher revenue through the third quarter

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New York—Dow Jones & Co., publisher of The Wall Street Journal, reported Thursday that revenue for the first nine months of the year grew to $1.5 billion, from $1.2 billion in the year-earlier period. Operating income increased to $104.6 million from $56.2 million.

In the third quarter, advertising revenue at the Journal declined 2.9%, primarily due to a sharp decline in technology advertising revenue that more than offset increases in financial and general advertising.

Paid subscribers to increased 25.5% in the third quarter, to 989,000; paid subscribers to Barron's Online grew 61.4%, to 113,000.

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