Some interesting remarks from Rich Zannino, Dow Jones CEO, in his last (short) Dow Jones & Company Incorporated third quarter 2007 earnings conference call.
For the past 20 months or so, we’ve been winning in this new media environment by urgently transforming Dow Jones from a company heavily reliant on newspaper publishing to a more content-driven and diversified media company.
We’re well on our way to achieving our goal of being the world’s best provider of high quality business and related content across all consumer and enterprise media channels.
Our online subscription revenue was up 12% in the third quarter, as paid online Journal subs were up over 25% to 989,000.
Our average monthly unique visitors were up nearly 20% to about 17 million in the quarter, with page views up an even greater 34% to 383 million pages.
We are not the wounded and malnourished media dinosaur that many in the press have recently portrayed us to be.
On the contrary, our financial, operating and journalistic performance over the past 20 months is proof that today we are a fast-growing, thriving and vibrant company: one positioned for a very bright future.
