Magazine article Information Today

DataTimes Announces 15 Percent Equity Sale to Dow Jones

Magazine article Information Today

DataTimes Announces 15 Percent Equity Sale to Dow Jones

Article excerpt

DataTimes Announces 15 Percent Equity Sale To Dow Jones

DataTimes, the online database service, has announced that it has sold 15 percent of its equity to Dow Jones Information Services, the Dow Jones and Company unit that provides the Dow Jones News/Retrieval online service. Terms of the transaction were not disclosed.

DataTimes, which provides electronic access to hundreds of publications and news sources, will remain an operating unit of the Oklahoma Publishing Company.

"Our new arrangement with Dow Jones only formalizes the working relationship we developed in recent years with Dow Jones," said Allen Paschal, DataTimes' president and chief executive officer. "Our subscribers will continue to enjoy the same DataTimes services that they have come to rely on for their research and informational needs."

Paschal also said that "we welcome Dow Jones' investment and look forward to a long and successful affiliation. We could not imagine a more beneficial alliance for DataTimes or our subscribers.

Since 1987 and 1988, respectively, users of DataTimes and Dow Jones News/Retrieval have been able to access the information offered in each other's services through so-called "electronic gateways. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.