Dow Jones & Company
In March 1903, he purchased Dow Jones & Company for $130,000, following the death of co-founder Charles Dow. In 1912, he appointed himself president, a title he held until his death and one which allowed him control of The Wall Street Journal; while the Woodworths published the paper.
He expanded the reach of his publishing empire by merging his two news bureaus into Dow Jones. By 1920, he had expanded the daily circulation of The Wall Street Journal from 7,000 to 18,750, and over 50,000 by 1930. He also worked hard to modernize operations by introducing modern printing presses and expanding the reporting corps.
In 1921, he founded the Dow Jones financial journal, Barron's National Financial Weekly, later renamed Barron's Magazine, and served as its first editor. He priced the magazine at 10 cents an issue and saw circulation explode to 30,000 by 1926, with high popularity among investors and financiers.
Read more about this topic: Clarence W. Barron
Famous quotes containing the words dow, jones and/or company:
“The woman was old and ragged and gray
And bent with the chill of the Winter’s day.”
—Mary Dow Brine (1816–1913)
“Come all you rounders if you want to hear
A story ‘bout a brave engineer;
Casey Jones, that was the rounder’s name
On a heavy eight-wheeler he rode to fame.”
—Unknown. Casey Jones (l. 1–4)
“For I must tell you that we artists cannot tread the path of Beauty without Eros keeping company with us and appointing himself as our guide.”
—Thomas Mann (1875–1955)