Friday, October 29, 2004

MarketWatch in Play, Pearson, CBS Owner Viacom Likely Suitors

Reuters notes the emerging interest in acquiring online financial news source MarketWatch, with proceedings still in the preliminary stage. Whoever gets a hold of this organization gets a diamond that is hardly rough: with backing from Thomson, MarketWatch is bolstering its financial news coverage in an environment that is electronic-first and Web-grown all the way and becoming increasingly proficient at breaking financial news and feeding it to leading financial organizations via XML-based feeds. Anything's possible in this play - don't count out Thomson either, mind you - but probably the best fit here would be Pearson, which would pick up a nice real-time news creation and delivery team with a highly market-oriented U.S. focus that can complement its own more global, feature-oriented FT content. Put the two of those together and it spells Dow Jones - with an international Reuters-ish twist. The fun begins...
Post a Comment