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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Dow Jones buys Hearst half of SmartMoney AFP - Wednesday, March 3 Send IM Story Print News Corp.'s Dow Jones announced Tuesday that it had bought partner Hearst Corp.'s half of personal finance magazine SmartMoney. WASHINGTON (AFP) - – News Corp.'s Dow Jones announced Tuesday that it had bought partner Hearst Corp.'s half of personal finance magazine SmartMoney. The move gives Dow Jones, publisher of The Wall Street Journal, 100 percent control over the SmartMoney franchise, which includes SmartMoney magazine, Smartmoney.com and SmartMoney Custom Solutions, a custom publishing division. Financial details of the transaction were not disclosed. "SmartMoney is a natural fit within Dow Jones, having carried brand association with The Wall Street Journal since its launch," Dow Jones president Todd Larsen said in a statement. "Having the SmartMoney franchise 100 percent integrated with the Dow Jones and Wall Street Journal teams will provide the avenues for the brand to grow exponentially," Larsen said. Dow Jones and Hearst were equal partners in SmartMoney, which was launched in 1992 and has a monthly circulation of 800,000. The magazine covers technology, automotive and lifestyle subjects and provides practical advice on saving, investing, and spending. According to The Wall Street Journal the number of pages of advertising in SmartMoney fell 23 percent in 2009 from 2008, a trend seen throughout the magazine industry. Dow Jones plans to integrate SmartMoney's editorial employees into its own news staff and there would be a "small number" of layoffs in business operations, the Journal reported last week. Recommend Send IM Story Print Related Articles Google Italy verdict 'distressing': State Department AFP - Wednesday, March 3 Apple sues HTC for iPhone patent infringement AFP - Wednesday, March 3 Robot footballers wow crowd in Germany AFP - Wednesday, March 3 Dow Jones buys Hearst half of SmartMoney AFP - Wednesday, March 3 Japan's top web forum hacked after attacks on Korean skater AFP - Wednesday, March 3 News Search Top Stories Greece risks 'bankruptcy' without radical action: PM Car makers brush off crisis in Geneva EU authorises GMO potatoes Japan passes record $1 trillion budget GM to more than triple Opel investment More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended NASA radar finds ice on moon's north pole World's most powerful atom smasher restarts: CERN Common weed-killer chemically castrates frogs: study Be of good heart: Happiness helps ward off cardiac disease Obama plans 'dramatic reductions' in US nuclear weapons More Most Viewed » Florida killer whale to stay in park after deadly attack DNA reveals some mystery on King Tut, raises questions First footage of clouded leopard captured in Borneo Scientists recreate Big Bang heat of 4 tln degrees C More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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