On July 8th 1889, The Wall Street Journal was first published by the Dow Jones & Company, this brief news bulletins hand-delivered throughout the day to traders at the stock exchange.
Journalist Clarence Barron purchased control of the company for $130,000 in 1902; circulation was then around 7,000 but climbed to 50,000 by the end of the 1920s. Barron and his predecessors were credited with creating an atmosphere of fearless, independent financial reporting a novelty in the early days of business journalism.
Barron died in 1928, a year before Black Tuesday, the stock market crash that greatly affected the Great Depression in the United States. Barron’s descendants, the Bancroft family, would continue to control the company until 2007.
A complement to the print newspaper, The Wall Street Journal Online, was launched in 1996.
In 2007, it was commonly believed to be the largest paid-subscription news site on the Web, with 980,000 paid subscribers.
On November 30, 2004, Oasys Mobile and The Wall Street Journal released an application that would allow users to access content from the Wall Street Journal Online via their mobile phone.
Many of The Wall Street Journal news stories are available through free online newspapers that subscribe to the Dow Jones syndicate. Pulitzer Prize–winning stories from 1995 are available free on the Pulitzer web site.
Three months later, on August 1, 2007, News Corporation and Dow Jones entered into a definitive merger agreement and was bought out by Rupert Murdoch’s news empire, which already included Fox News Channel, financial network unit and London’s The Times, and locally within New York, the New York Post, along with Fox flagship station.
The $5 billion sale added The Wall Street Journal to Rupert Murdoch’s news empire, as we celebrate today on July 8th the Wall Street Journal first being published.