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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Dow Jones to buy Financial News

Financial News, the London-based weekly, is being acquired for £27m by Dow Jones, the Wall Street Journal's owner. The securities and investment banking paper was founded in 1996 by the Scots-born publisher Angus MacDonald, who owns 25% of the company and is its ceo. The print version sells fewer than 20,000 copies, but most of the revenue is derived from its website , which has 40,000 paid subscribers. (Via The Scotsman)

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