Wednesday, October 18, 2006

Dow bets on Factiva

Dow Jones is to buy Reuters' 50 per cent interest in Factiva for £85.5 million to become the sole owner of the online news archive reports Journalism.co.uk.

Factiva, has 1.6 million paying subscribers and supplies business news and services to the finance, corporate, professional services and government sectors.

News monitoring is big business and Dow now opperates at both ends of the news chain.

I wonder if it can compete in a web 2.0 world.