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                                                                  Exhibit 21
                        SUBSIDIARIES OF THE COMPANY

                                                            Jurisdiction of
                                                            Incorporation or
Name of Subsidiary                                          Organization
- - - ------------------                                          ----------------
                                                          
American Demographics, Inc.                                 New York
Courrier Export (U.K.), Limited                             United Kingdom
Dow Jones Canada, Inc.                                      Canada
Dow Jones Courrier, N.V.                                    Belgium
Dow Jones Courrier, GmbH                                    Switzerland
Dow Jones International Marketing Services (U.K.), Ltd.     United Kingdom
Dow Jones International Marketing Services GmbH             Germany
Dow Jones Newsprint Company, Inc.                           Delaware
Dow Jones Printing Company (Asia), Inc.                     Delaware
Dow Jones Publishing Company (Asia), Inc. (90% owned)       Delaware
Dow Jones Broadcasting (Asia), Inc.                         Delaware
Dow Jones Publishing Company (Europe), Inc.                 Delaware
Dow Jones Real Estate Development Corporation               Delaware
Dow Jones Southern Holding Company, Inc.                    Delaware
Dow Jones Virginia Company, Inc.                            Delaware
Dow Jones Ventures I, Inc.                                  Delaware
Dow Jones Ventures II, Inc.                                 Delaware
Federal Filings, Incorporated                               Delaware        
Nanbei Ltd (55% owned)                                      Turks and Caicos
National Delivery Service, Inc.                             Delaware
Ottaway Newspapers, Inc.                                    Delaware
  Chapel Hill Publishing Company, Inc.                      North Carolina
  News-Sun, Inc.                                            Arizona
  ONI of North Carolina, Inc.                               North Carolina
    Sample Publishing Company, Inc.                         North Carolina
  The Inquirer & Mirror, Inc.                               Massachusetts
  Portuguese-American Publications, Inc.                    Massachusetts
Review Publishing Company Limited                           Hong Kong
  The China Phone Book Co. Ltd.                             Hong Kong
  National Fair Ltd.                                        Hong Kong
Societe Civile D.J.                                         France
Dow Jones Telerate Holdings, Inc.                           Delaware
  Telerate Canada Inc.                                      Ontario
  Dow Jones Telerate Systems, Inc.                          California
  Telerate Research & Development Pte Ltd                   Singapore
  Dow Jones Telerate, Inc.                                  New York
    CompuTrac, Inc.                                         Louisiana
    Dow Jones Telerate Software, Inc.                       Delaware
    Dow Jones Telerate Puerto Rico, Inc.                    Delaware
  Telerate Financial Services Co.                           Delaware
  Telerate International Inc.                               Delaware
  Telerate International Limited                            United Kingdom









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                                                            Jurisdiction of
                                                            Incorporation or
Name of Subsidiary                                          Organization
- - - ------------------                                          ----------------
                                                         

    Dow Jones Telerate International Company
        (100% owned Partnership)                            Delaware
      Telerate (Panama) Inc.                                Panama
      Servicios Informativos Telerate Limitada              Chile
      Dow Jones Telerate (Asia-Pacific) Singapore
        Pte Ltd                                             Singapore
      Telerate (Australia) Pty Limited                      Australia
      Telerate (Bahamas) Limited                            Bahamas
      Telerate (Belgium) SA                                 Belgium
      Telerate (Danmark) A/S                                Denmark
      Dow Jones Telerate Limited                            United Kingdom
      Telerate (Finland) OY                                 Finland
      Telerate (France) SA                                  France
        HTG SA                                              France
          Valgest SA                                        France
      Dow Jones Telerate Ireland Limited                    Ireland
      Telerate (Netherlands) BV                             Netherlands
      Dow Jones Telerate Espana S.A.                        Spain
      Telerate (Sweden) AB                                  Sweden
      Dow Jones Telerate (Thailand) Limited                 Thailand
      Dow Jones Telerate Technical Services Limited         United Kingdom
        Telefin SA                                          Greece
      Telerate AG                                           Switzerland
      Telerate Argentina Limitada S.A.                      Argentina
      Dow Jones Telerate (Singapore) Pte Ltd                Singapore
      Dow Jones Telerate de Venezuela, C.A.                 Venezuela
      Telerate Financial Information Network
          (Hong Kong) Limited                               Hong Kong
      Telerate Financial Information Network
          (Asia-Pacific) Limited                            Hong Kong
      Telerate Financial Information Services, Inc.         Delaware
      Telerate Finansal Sistemler A.S.                      Turkey
      Telerate - Instalcao e Manutencao
          de Equipamentos, Lda.                             Portugal
      Telerate Internationale 
          Finanzinformationsdienst GmbH                     Austria
      Telerate Luxembourg SARL                              Luxembourg
      Telerate New Zealand Limited                          New Zealand
      Advance Pacific Limited                               Cook Islands
      Telerate Uruguay S.A.                                 Uruguay
      Telerate Deutschland GmbH                             Germany
      Telerate Norway A/S                                   Norway
      Telerate (Cyprus) Limited                             Cyprus
      Dow Jones Telerate (South Africa) (Pty) Limited       South Africa

All of the above subsidiaries are included in the consolidated financial 
statements.