The Wall Street Journal has proven to be the For nearly 120 years, the Wall Street Journal (WSJ) has been regarded as a crown jewel in the field of U.S. journalism and a newspaper that is required reading among the business and power elite. On this day in 1889, the WSJ is first published by Dow Jones & Company, a financial information service established in 1882 by Charles Henry Dow and Edward D. Jones.
Recently on December 13, 2007, WSJ shareholders representing more than 60 percent of Dow Jones's voting stock approved the company's acquisition for $5 billion by News Corp headed by media mogul Rupert Murdoch. The acquisition by Murdoch had many mixed reviews, especially among WSJ employees and its staff of journalists, who thought the integrity of the paper would be severely tarnished under the leadership of their new boss.
