Dow Jones posts Q3 increases

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New York--Dow Jones & Co. reported Tuesday that revenue increased 6.7% to $375.9 million in the third quarter compared to the same quarter last year. The revenue jump was led by a 7.1% increase in lineage at The Wall Street Journal in the U.S, including a 29.4% increase in September.

Net income (including special items) for the quarter was $9.1 million, up from $2.4 million in the third quarter of last year. Dow Jones also said that it expects earnings per share before special items in the fourth quarter to be around the 40 cents per share range, up from 34 cents per share in the fourth quarter last year. “While we're not ready to call an end tothis severe b-to-b ad recession, we are cautiously optimistic that the worst is now behind us,” Peter R. Kann, Dow Jones’ chairman-CEO, said in a statement.

--Sean Callahan

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