Dow Jones restructures Enterprise Media Group

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New York—Continuing its efforts to reduce its reliance on traditional print revenue, Dow Jones & Co. Wednesday announced a restructuring of its Enterprise Media Group that is designed to boost its presence in the financial, corporate and media, and government markets.

The company has consolidated its enterprise product lines into three business units: Dow Jones Indexes and Reprints, Dow Jones Financial Information Services and Dow Jones Content Technology Solutions.

Sparked by Dow Jones’ recent acquisition of business information provider Factiva, the new structure integrates three complementary businesses, Dow Jones Newswires, Dow Jones Licensing Services and Factiva, into the Content Technology Solutions business unit.

“By marrying the indispensable content of Dow Jones with the innovative technologies developed by Factiva, we will improve the ability of businesspeople around the world to find and use information more effectively,” said Clare Hart, exec VP at Dow Jones and president of Dow Jones Enterprise Media Group, in a news release.

As part of the reorganization, Dow Jones said it was eliminating 98 jobs from the Enterprise Media Group.

—Matthew Schwartz

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