Dow Jones & Company Appoints Richard J. Levine Vice President of News and Staff Development

Business Wire, Sept 13, 2005

NEW YORK -- Dow Jones & Company today announced that it has appointed Richard J. Levine, 63, to the new role of vice president of news and staff development, effective Oct. 3. Mr. Levine, who currently serves as vice president and executive editor of Dow Jones Newswires, will report to Paul E. Steiger, managing editor, The Wall Street Journal, and Paul J. Ingrassia, president, Dow Jones Newswires.

In his new role, Mr. Levine will be responsible for developing a staff training program for all Dow Jones journalists, and for devising ways to expand and increase the effectiveness of coordination and collaboration between the staffs of the Company's two largest news departments--The Wall Street Journal and Dow Jones Newswires. He also will seek to improve the Company's relationships with third-party content providers whose material is used throughout Dow Jones.

"In addressing these important issues, Dick will draw on his nearly 40 years of experience across the Company's print and electronic news operations," said Peter R. Kann, chairman and chief executive officer, Dow Jones & Company. "The expertise that he brings to this position, which comes from one of the longest and broadest editorial careers at Dow Jones, makes Dick uniquely qualified for his new role."

Mr. Levine started with Dow Jones in 1966 as a reporter in the Journal's Washington bureau, where he was chief economic writer for assignments ranging from labor to military affairs. In 1980, he moved to the Company's South Brunswick, N.J., facility as editorial director of database publishing and was one of the founders of the Company's electronic publishing operations. He became a vice president of the Information Services Group in 1987, and then held a variety of senior editorial posts in the Company's electronic news operations.

He was named vice president and managing editor of Dow Jones Newswires in 1995 and executive editor in 2001. In these positions, he has expanded and directed a global news staff of more than 870 journalists in 92 bureaus. Earlier this year, he took on the added assignment of president of the Dow Jones Newspaper Fund, a nonprofit organization dedicated to improving journalism.

Mr. Levine holds a bachelor's degree in industrial and labor relations from Cornell University, and a master's degree from Columbia University's Graduate School of Journalism, where he was named a Pulitzer Traveling Fellow.

About Dow Jones & Company

In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes, MarketWatch, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and operates The Wall Street Journal Radio Network in the U.S.