[REUTERS LOGO]
NEWS RELEASE
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FOR IMMEDIATE RELEASE
Contact: Robert Crooke Karen Miller Pensiero
Reuters America Inc. Dow Jones & Co.
212-603-3587 212-416-2253
DOW JONES AND REUTERS LAUNCH INDUSTRY-LEADING NEWS OFFERING: NEWS RIVALS NOW
AVAILABLE TOGETHER ON REUTERS MARKET DATA SERVICES
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London, February 17, 1999 - Two of the world's largest news organizations, Dow
Jones and Reuters, today launched a major new financial and business news
offering for financial traders and investors who use Reuters services throughout
the world.
For the first time, news from Dow Jones Newswires and Reuters appear together on
Reuters services worldwide. The news of both organizations can be instantly
searched together and linked on a single screen to real-time and historical
market data and analytical tools.
A key benefit is that popular News 2000 attributes such as key word search,
point and click story retrieval and extensive cross-referencing between prices,
graphics and news stories will integrate Dow Jones news with Reuters.
JOHN PARCELL, Chief Executive of Reuters Information division, said: "The two
news organizations are able to call on the resources of some 5,700 journalists
globally, making this the best-resourced news offering in the world. Its
flexibility and seamless integration with fast-moving market prices give traders
and investors tremendous new advantages."
PAUL INGRASSIA, president, Dow Jones Newswires, said: "For more than 100 years,
Dow Jones has been the leader in real-time business news in the U.S. We're
pleased to be able to further extend our reach internationally through this
agreement with Reuters."
Although users of Reuters services will now be able to receive news from both
organisations integrated on their workstations, Dow Jones and Reuters
journalists will continue as before to compete to get the best, most
comprehensive news first, for the benefit of their customers.
Reuters customers will subscribe to the Dow Jones Newswires through Dow Jones
sales staff. Dow Jones Newswires are currently distributed on more than 290,000
screens. 35,000 of these are Reuters users in North America but, under this new
agreement, availability will in general be global. Reuters has over 485,000 user
accesses to its financial information and transaction services.
Dow Jones offers a series of different Reports in its Newswires, allowing
customers to choose the extent of coverage to which they subscribe. Reuters news
services are similarly segmented to meet the varying needs of markets and
customer requirements.
END (06/99)
NOTE TO EDITORS
DOW JONES
The Dow Jones Newswires which will be available under this arrangement are:
- -- Dow Jones Financial Wire
- -- Dow Jones News Service ("The Broadtape")
- -- Capital Markets Report
- -- Dow Jones Economic Report
- -- Bankers Report - a subset of the DJ Economic Report
- -- Forex Report - another subset of the DJ Economic Report
- -- World Equities Report
Dow Jones previously supplied its real-time news to markets outside the U.S.
exclusively through its Telerate subsidiary which it sold to Bridge in 1998,
ending the exclusivity. Its non-exclusive agreement with Reuters was signed last
October.
Reuters had access previously to some of Dow Jones Newswires for customers in
North America. But from today, a broad range is available to Reuters customers
almost anywhere in the world. A few countries are still excluded from some Dow
Jones services on contractual grounds. The Dow Jones Newswires will not be
available on Reuters Business Briefing products.
The Dow Jones Newswires provide real-time news for financial professionals
across five asset classes: equities, fixed income, foreign exchange, commodities
and energy. In addition to the Dow Jones Newswires, Dow Jones & Company
(NYSE:DJ) publishes The Wall Street Journal and its international and
interactive editions, Barron's and SmartMoney magazines
and other periodicals, Dow Jones Indexes, Dow Jones Interactive and the Ottaway
group of community newspapers. Dow Jones is co-owner of the CNBC television
operations in Asia and Europe, and also provides news content to CNBC in the US.
REUTERS
Reuters (NASDAQ: RTRSY) supplies the global financial markets and the news media
with the widest range of information and news products including real-time
financial data, collective investment data, numerical, textual, historical and
graphical databases plus news, graphics, news video, and news pictures, reaching
over 485,000 users located in 57,900 organizations. Reuters designs and installs
enterprise-wide information management and risk management systems for the
financial markets as well as providing equity and foreign exchange transaction
systems. It extensively uses Internet technologies for wider distribution of
information and news. The Group employed 16,938 staff in 218 cities in 96
countries at 31 December 1998. Reuters is the world's largest news and
television agency with 2,072 journalists, photographers and camera operators in
216 bureaux serving 157 countries. News is published in 23 languages.
For more details see www.reuters.com/aboutreuters
Reuters and the dotted and sphere logos are the trademarks of the Reuters Group
of Companies.