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The Wall Street Journal
The Wall Street Journal (WSJ; also referred to simply as the Journal) is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The Journal is published six days a week by Dow Jones & Company, a division of News Corp.
As of 2025, The Wall Street Journal is the largest newspaper in the United States by print circulation, with 412,000 print subscribers. It has 4.13 million digital subscribers, the second-most in the nation after The New York Times. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the Journal is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes.
A predecessor to The Wall Street Journal was the Kiernan News Agency founded by John J. Kiernan in 1869. In 1880, Kiernan hired Charles H. Dow and Edward D. Jones as reporters. On a recommendation of Collis Potter Huntington, Dow and Jones co-founded their own news service, Dow Jones and Company, with fellow Kiernan reporter Charles Bergstresser. Dow Jones was headquartered in the basement of 15 Wall Street, the same building as Kiernan's company next to the New York Stock Exchange Building.
The first products of Dow Jones & Company, the publisher of the Journal, were brief news bulletins, nicknamed flimsies, hand-delivered throughout the day to traders at the stock exchange. In 1883, they were aggregated in a printed daily summary called the Customers' Afternoon Letter, sold for $1.50 per month compared to the $15 a month Dow Jones bulletin service. Dow Jones opened its own printing press at 71 Broadway in 1885.
Beginning July 8, 1889, the Afternoon Letter was renamed The Wall Street Journal. The debut issue of the Journal was four pages long, with dimensions of 20 3/4 × 15 1/2 inches and cost of $0.02 per copy. In its early days, the Journal had "a tedious, blow-by-blow account of the day's business without benefit of editing," wrote Edward E. Scharff in 1986.
For nearly 40 years, the front page had a four-column format, with the middle two devoted to news briefs and the farther two filled with advertisements for brokerage services. The Journal focused on stories from news wires and listings of stocks and bonds, while occasionally covering sports or politics. One front-page story on the debut edition of The Wall Street Journal was a raw wire report about the boxing match between John L. Sullivan and Jake Kilrain, with varying accounts of the fight citing The Boston Globe, the Baltimore American, and anonymous sources. Seldom did The Wall Street Journal publish analysis or opinion articles in its early decades. In addition to a private wire to Boston, the Journal had reporters communicate via telegraph from Washington, Philadelphia, Chicago, Pittsburgh, Albany, and London.
In 1896, the Journal began publishing two separate Dow Jones stock indicies, the Dow Jones Industrial Average and Dow Jones Railroad Average. The first morning edition of the Journal was published on November 14, 1898. By the late 1890s, daily circulation reached 7,000.
Charles Dow wrote the first "Review and Outlook" column on April 21, 1899, a front-page editorial column explaining stock prices in terms of human nature; Dow's thinking would later be known as the Dow theory. Scharff regarded Dow's essays from 1899 to 1902 as "stock market classics".
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The Wall Street Journal
The Wall Street Journal (WSJ; also referred to simply as the Journal) is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The Journal is published six days a week by Dow Jones & Company, a division of News Corp.
As of 2025, The Wall Street Journal is the largest newspaper in the United States by print circulation, with 412,000 print subscribers. It has 4.13 million digital subscribers, the second-most in the nation after The New York Times. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the Journal is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes.
A predecessor to The Wall Street Journal was the Kiernan News Agency founded by John J. Kiernan in 1869. In 1880, Kiernan hired Charles H. Dow and Edward D. Jones as reporters. On a recommendation of Collis Potter Huntington, Dow and Jones co-founded their own news service, Dow Jones and Company, with fellow Kiernan reporter Charles Bergstresser. Dow Jones was headquartered in the basement of 15 Wall Street, the same building as Kiernan's company next to the New York Stock Exchange Building.
The first products of Dow Jones & Company, the publisher of the Journal, were brief news bulletins, nicknamed flimsies, hand-delivered throughout the day to traders at the stock exchange. In 1883, they were aggregated in a printed daily summary called the Customers' Afternoon Letter, sold for $1.50 per month compared to the $15 a month Dow Jones bulletin service. Dow Jones opened its own printing press at 71 Broadway in 1885.
Beginning July 8, 1889, the Afternoon Letter was renamed The Wall Street Journal. The debut issue of the Journal was four pages long, with dimensions of 20 3/4 × 15 1/2 inches and cost of $0.02 per copy. In its early days, the Journal had "a tedious, blow-by-blow account of the day's business without benefit of editing," wrote Edward E. Scharff in 1986.
For nearly 40 years, the front page had a four-column format, with the middle two devoted to news briefs and the farther two filled with advertisements for brokerage services. The Journal focused on stories from news wires and listings of stocks and bonds, while occasionally covering sports or politics. One front-page story on the debut edition of The Wall Street Journal was a raw wire report about the boxing match between John L. Sullivan and Jake Kilrain, with varying accounts of the fight citing The Boston Globe, the Baltimore American, and anonymous sources. Seldom did The Wall Street Journal publish analysis or opinion articles in its early decades. In addition to a private wire to Boston, the Journal had reporters communicate via telegraph from Washington, Philadelphia, Chicago, Pittsburgh, Albany, and London.
In 1896, the Journal began publishing two separate Dow Jones stock indicies, the Dow Jones Industrial Average and Dow Jones Railroad Average. The first morning edition of the Journal was published on November 14, 1898. By the late 1890s, daily circulation reached 7,000.
Charles Dow wrote the first "Review and Outlook" column on April 21, 1899, a front-page editorial column explaining stock prices in terms of human nature; Dow's thinking would later be known as the Dow theory. Scharff regarded Dow's essays from 1899 to 1902 as "stock market classics".