DOW JONES BLOWS AWAY EXPECTATIONS

By: Staff reports

Earnings Boosted By Print, Online



Dow Jones & Co. beat earnings expectations in its first-quarter results, citing strong
revenue growth in print and online publishing. Earnings, excluding special gains, were
$79.2 million, or 88 cents per share, compared with $40.9 million, or 44 cents per
share, in first-quarter 1999. Analysts polled by First Call Corp. had called for 80
cents EPS.



Total revenue grew 25% to $579 million. Print publishing revenue rose 35% to $391 million
on strong ad volume gains at The Wall Street Journal, where ad linage grew 38.2% on a
per-issue basis. Ottaway community newspapers revenue grew 9.1% to $80.7 million.



In electronic publishing, revenue rose 10% to $107.3 million. At The Wall Street Journal
Interactive Edition, revenues jumped 114% while the number of subscribers rose 55% to
438,000 over the year-ago period. The company repeated earlier statements that it
continues to consider issuing a tracking stock for some or all of its Internet assets.



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Staff reports



Previous 1st quarter earnings reports:

MEDIA GENERAL REPORTS 31% EPS INCREASE (http://www.editorandpublisher.com/ephome/news/newshtm/stories/041100n5.htm)



CATEGORY TV LEADS SCRIPPS EARNINGS

(http://www.editorandpublisher.com/ephome/news/newshtm/stories/041100n4.htm)



GANNETT REPORTS FIRST QUARTER EARNINGS (http://www.editorandpublisher.com/ephome/news/newshtm/stories/041000n9.htm)









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