SmartMoney Print Edition to Cease Production This Summer

NEW YORK, June 21, 2012 (GLOBE NEWSWIRE) -- Dow Jones & Company
announced today that SmartMoney, the personal finance magazine from The
Wall Street Journal, will make a digital transition that will include
the expansion of its digital news team. As part of the transition, the
print edition of SmartMoney will cease production this summer, and the
magazine's September issue, on newsstands August 14, will be the final
issue.

To expand the brand's digital reach, the editorial staff of
SmartMoney.com will increase to 15, including six new editorial staff
positions. The New York-based team will report to Raju Narisetti,
managing editor of The Wall Street Journal Digital Network.

Approximately 25 staff positions for the print edition are being
impacted as part of the print magazine's closing, with those affected
eligible to re-apply for open positions with SmartMoney.com and other
openings within the company.

"SmartMoney has led the way in personal finance coverage for 20 years.
It has been honored with many awards and provided intelligent,
objective analysis and guidance for readers in print and online. It's
clear that the volatility of markets and asset classes has increased
the need for rapid delivery of personal finance intelligence, so we
will be expanding our team and presence on the web," said Robert
Thomson, editor-in-chief of Dow Jones & Company and managing editor of
The Wall Street Journal. "The team should be extremely proud of what it
has achieved and be excited by the prospect of what it will achieve."

"I am proud of the exceptional journalism that the hard-working and
talented staff of SmartMoney has produced in recent years and am
grateful to the Journal, and to Robert Thomson specifically, for
providing us the opportunity to produce it," said Jonathan Dahl,
editor-in-chief of SmartMoney. "I look forward to seeing SmartMoney's
legacy continue at SmartMoney.com."

In addition to SmartMoney.com, all content and tools from the site will
be available on an expanded co-branded personal finance section on
MarketWatch.com. This move also extends the digital reach of the
SmartMoney brand to MarketWatch's nearly 17 million monthly visitors
from SmartMoney.com's 2.5 million monthly visitors. (Source:
Internal/WSJDN)

"Personal finance coverage in print and online remains a critical part
of The Wall Street Journal and The Wall Street Journal Digital
Network," says Michael Rooney, chief revenue officer, The Wall Street
Journal. "The addition of SmartMoney's strong, trusted content and
innovative tools will be a needle-moving addition to MarketWatch's
already strong portfolio of content. A dedicated advertising sales team
is being assembled in order to ensure the continued success of the
site."

MarketWatch, which has seen a 50% growth in traffic over the past 12
months, currently offers deep and broad personal finance coverage
across a range of topics -- including real estate, spending and saving,
credit cards, small business and more -- as well as up-to-the-minute
markets coverage for active investors. SmartMoney.com's content will
also deepen retirement and tax coverage for the section.

SmartMoney was launched jointly between Dow Jones and Hearst
Corporation in 1992. Dow Jones acquired Hearst's remaining 50% interest
in 2010. The magazine won three National Magazine Awards and was a
finalist 14 times.

About Dow Jones

Dow Jones & Company is a global provider of news and business
information and a developer of technology to deliver content to
consumers and organizations across multiple platforms. Dow Jones
produces newspapers, newswires, Web sites, apps, newsletters,
magazines, proprietary databases, conferences, radio and video. Its
premier brands include The Wall Street Journal, Dow Jones Newswires,
Factiva, Barron's, MarketWatch, SmartMoney and All Things D. Its
information services combine technology with news and data to support
business decision-making. The company pioneered the first successful
paid online news site, and its industry-leading innovation enables it
to serve customers wherever they might be, via the Web, mobile devices
and tablets. The Dow Jones Local Media Group publishes community
newspapers, Web sites and other products in six U.S. states. Dow Jones
& Company (www.dowjones.com) is a News Corporation company (Nasdaq:NWS)
(Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).

The Dow Jones & Company logo is available at
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CONTACT: Media Contact:
         Ashley Huston
         Dow Jones & Co.
         (212) 416-2025
         Ashley.Huston@dowjones.com