One of the founder names Edward Jones then converted from a stock and bond trade sheet Customers’ Afternoon Letter into The Wall Street Journal which was first published in year 1889. Customers Afternoon Letter actually first published in year 1883 before conversion.
Although named for a small area on Manhattan Island in New York, the newspaper had a national scope and assured readers that it would search for and report the news in the United States, Canada and Europe.
Changed hand in 1902 bought by Clarence Barron, circulation was around 7000 copies at that time increased to 50,000 copies by the end of 1920s.
Clarence Walker Baron, was the owner of the Boston News Bureau. He eventually left his publishing companies, including the Journal to his adopted daughter Jane Waldron Bancroft.
It was the largest-circulation newspaper in the United States until November 2003, when it was surpassed by USA Today. Its main rival as a daily financial newspaper is the London-based Financial Times, which also publishes several international editions.
The Wall Street Journal emerged online in 1996 as The Wall Street Journal Interactive, a paid-subscription model. The Journal capitalized in its two established brands – The Journal and parent company Dow Jones.
In May 2007, Rupert Murdoch made an offer to buy the Paper about 80% higher than market price. As of December 13, 2007, the Wall Street Journal is owned by Rupert Murdoch's News Corp.
The Wall Street Journal in history
