Edward Jones (October 7, 1856 – February 16, 1920) was a statistician and journalist in the United States. Edward Jones is best known as the Dow Jones Industrial Average’s “Jones” and as a co-founder of The Wall Street Journal.
Mr. Edward Jones Early years
Edward Jones was born in Worcester, Massachusetts on October 7, 1856. Edward Jones was born in Wales to Reverend John Jones and Clarissa (née Day) Jones. Jones attended Brown University before leaving out in his sophomore year after graduating from Worcester Academy. Edward Jones worked as a reporter for the Providence Morning Star and Evening Press after leaving Brown, when he met Charles Dow.
Dow Jones & Company
The Wall Street Journal, which is notable for the Dow Jones Industrial Average, was created in 1882 “in the basement of the New York Stock Exchange” by Edward Jones and Charles Dow; Charles Bergstresser was a silent partner. Jones and Dow met while working as reporters in Providence, Rhode Island.
John D. E. and Clarissa Ann (Day) Jones were Edward Jones’ parents. He and his wife Janet had one son, Arthur Conklin Jones (1884-1941).
Dow Jones & Company, the Journal’s publisher, began with small news bulletins known as “flimsies,” which were hand-delivered throughout the day to stock market dealers in the early 1880s. They were then compiled into a daily printed summary known as the Customers’ Afternoon Letter. Reporters Charles Dow, Edward Jones, and Charles Bergstresser transformed this into The Wall Street Journal, which was first published on July8,1889, and launched the Dow Jones & Company News Service by telegraph.
The “Dow Jones Industrial Average” was first published in 1896. It was the first of numerous stock and bond price indexes on the New York Stock Exchange. The Review & Outlook column, which is being published today, originally appeared in the Journal in 1899 and was authored by Charles Dow. Clarence Barron, a journalist, bought ownership of the firm in 1902 for US$130,000 (equivalent to $4,071,500 in 2021); circulation was approximately 7,000 at the time but had risen to 50,000 by the end of the 1920s.
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Barron and his predecessors were recognized for fostering an environment of bold, independent financial reporting, which was unusual in the early days of business journalism. Barron’s, the top financial weekly in the United States, was launched in 1921. Barron died in 1928, a year before Black Tuesday, the stock market crisis that exacerbated the United States Great Depression. The Bancroft family, Barron’s descendants, would continue to run the corporation until 2007.
The Journal rose to popularity in the 1940s, during a period of industrial boom for the United States and its financial institutions in New York. Bernard Kilgore was designated managing editor of the paper in 1941 and company CEO in 1945, ultimately serving as the Journal’s CEO for 25 years. Kilgore created the paper’s unique front-page design, as well as its “What’s News” digest and nationwide distribution strategy, which increased the paper’s readership from 33,000 in 1941 to 1.1 million by the time he died in 1967.
Under Kilgore, the daily received its first Pulitzer Prize in 1947 for editorials by William Henry Grimes. Dow Jones Newswires launched a large international expansion in 1967, eventually posting correspondents in every major financial center in Europe, Asia, Latin America, Australia, and Africa. Dow Jones purchased the Ottaway newspaper network in 1970, which included nine daily newspapers and three Sunday newspapers at the time. The name was then changed to Dow Jones Local Media Group.
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The era from 1971 to 1997 brought forth a succession of debuts, acquisitions, and joint ventures, including “Factiva”, The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, Dow Jones Indexes, MarketWatch, and “WSJ Weekend Edition”. Dow Jones was purchased by News Corp. in 2007. The Wall Street Journal debuted a premium lifestyle magazine in 2008.
The Washington Post
The Wall Street Journal is an American business-focused worldwide daily newspaper located in New York City, with Chinese and Japanese versions available. Dow Jones & Company, a part of News Corp., publishes The Journal and its Asian editions six days a week. The newspaper is available in broadsheet and online formats. Since its start on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser, the Journal has been printed continually.
The Journal is widely considered a reliable source of business and financial news. The newspaper has 38 Pulitzer Prizes, the most recent of which was awarded in 2019. The Wall Street Journal is one of the biggest newspapers in the United States by circulation, with around 2.834 million copies (including almost 1,829,000 digital sales) as of August 2019, compared to 1.7 million for USA Today.
The Journal produces the premium news and leisure magazine WSJ, which began as a quarterly but was increased to 12 issues in 2014. Since its inception in 1995, an online edition has been available solely to subscribers. The Journal’s editorial pages are often conservative in their viewpoints.