In 1882, Charles Dow, Edward Jones and Charles
Bergstresser formed the financial news agency Dow Jones & Co., which
delivered daily hand-written news briefs called “flimsies” to traders and
subscribers around the Wall Street area.
The company soon began producing the “Customers’
Afternoon Letter,” which would include the daily average of a collection of
industrial stocks, the precursor to the Dow Jones Industrial Average.
In 1889, the Customers’ Afternoon Letter became The
Wall Street Journal, a four-page newspaper that sold for two cents. The Journal
was one of the world’s first financial newspapers, and one of the first
newspapers to appeal to readers who shared a common interest, but not
necessarily a common locale.
The Wall Street Journal is an American business-focused,
English-language international daily newspaper based in New York City. The
Journal, along with its Asian and European editions, is published six days a week
by Dow Jones & Company, a division of News Corp. The newspaper is published
in the broadsheet format and online.
The Wall Street Journal is the largest newspaper in the
United States by circulation. According to the Alliance for Audited Media, the
Journal had a circulation of about 2.4 million copies (including nearly
900,000 digital subscriptions) as of March 2013, compared with USA Today's
1.7 million.
The newspaper has won 40 Pulitzer Prizes through 2017 and
derives its name from Wall Street in the heart of the Financial District of
Lower Manhattan. The Journal has been printed continuously since its inception
on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser.
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