Friday, July 13, 2012

Dow Jones takes over full ownership of The Wall Street Journal Japan K.K., the joint venture publisher

In more news concerning News Corp, today Dow Jones & Company, a subsidiary, announced that it had acquired the 40 percent ownership stake held by SBI Holdings in The Wall Street Journal Japan K.K., the joint-venture publisher of WSJ.com's Japanese-language edition.

With the acquisition, Dow Jones becomes the sole owner of the Japanese language edition of the financial newspaper and its digital assets.

"The acquisition demonstrates Dow Jones's continued investment in publishing, particularly in high-growth markets and in digital, local-language initiatives," Lex Fenwick, CEO of Dow Jones & Company and publisher of the WSJ said in the company's announcement. "Together with the WSJ.com Chinese-language edition and soon-to-launch Bahasa Indonesia news site, the expansion in Japanese enables us to continue reaching new readers in Asia and to introduce them to the broader, comprehensive coverage of The Wall Street Journal worldwide."
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"This significant investment is evidence of our determination to expand the Journal across platforms and languages," said Robert Thomson, editor-in-chief of Dow Jones and managing editor the WSJ.

"It is also a sign of our commitment to Japan, which is the world's third-largest economy and seemingly at the start of a new phase of global expansion. That expansion is contingent upon companies and investors being able to make well-informed decisions and our aim is to ensure that Japanese readers have access to the world's foremost news and analysis in their own language," Thomson said.

Like other Dow Jones properties, the Japanese edition of the WSJ has its own mobile and tablet editions. WSJ Japan for iPad lies outside of Apple's newsstand as News Corp. generally avoids Apple's in-app purchasing system. The big exception to this rule would be the New York Post app, which is inside Newsstand and allows readers to make purchase through the app, and The Daily, which does the same.

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