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Nikkei News

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Title

Nikkei News

Description

Feature story in the October 1976 newsletter of Japanese publishing company Nikkei, Inc., on its deal to distribute the new Asian edition of The Wall Street Journal. As an executive of Dow Jones, Warren Phillips forged multiple partnerships with foreign publishers, primarily in Asia and Europe.

Subject

Wall Street journal
Dow Jones & Co.

Creator

Nihon Keizai Shinbunsha

Source

WarrenPhillipsPapers.Box12.Folder5

Publisher

Queens College Department of Special Collections and Archives (New York, N.Y.)

Date

1976-10

Rights

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Format

Image
JPEG
556462 bytes

Language

English

Type

Text

Coverage

Japan

Text

Nikkei News
Advertising Information from Nihon Keizai Shimbun, Inc.
No. 10
Oct. 1976

NKS and Dow Jones Top Men's meeting

Mr. W.H. Phillips, President, and Mr. D.A. Macdonald, Senior Vice President, both of Dow Jones visited NKS Tokyo Head Office on Sept. 22 to talk with Mr. J. Ohnoki about The Asian Wall Street Journal and other matters of mtual concern.

From left: Mr. J. Ohnoki, Mr. W.H. Phillips, Mr. D.A. Macdonald

THE ASIAN WALL STREET JOURNAL
an English Business Daily
Launched Sept. 1 in Hong Kong
- Nikkei among the Partners -

As the first English business daily in Asia, The Asian Wall Street Journal had its initial issue started in Hong Kong on September 1, 1976.
The Journal is published by Dow Jones Publishing Co. (Asia), Inc. with its head office located in New York, which was founded jointly by Dow Jones & Co., Inc., the Nihon Keizai Shimbun, Inc., The South China Morning Post (Hong Kong), The Straits Times (Singapore), and the New Straits Times (Malaysia).
The unique newspaper normally consists of 12 pages, including pages which are sent from New York, some are made up via communication satellite.
Every morning it finishes printing by eleven and is distributed to 16 countries in Asia within the day.
In Japan, Nikkei undertakes the sole distribution by way of its distribution network throughout Japan.
The targets of paid circulation are 15,000 copies in the first one year, 18,000 in the second, and 22,000-33,000 in the third. At the very beginning, subscriptions (all for one year) in Japan counted 1,400 copies and newsstand sale 1,000 copies.
Before the reception held in Japan in memory of the publication of the initial issue, Mr. D.A. Macdonald, Senior Vice President of Dow Jones & Co., Inc., addressed that businessmen throughout the world, irrespectively in the United States, Japan, and Asian countries, share a common need for the same timely, accurate, dependable business information, and he was convinced that all businessmen would welcome The Asian Wall Street Journal.
Mr. J. Ohnoki, President, affirmed, "The role of Asian countries, which have the advantage of rich natural resources and manpower, taking in the world economy is now becoming more and more important.
"Businessmen there have been longing for an authoritative business information of common interest and today they have got it - The Asian Wall Street Journal. Therefore, the Journal will be sure to make much toward more growth of the Asian economy."
Reasons for which Hong Kong is selected for the printing place of the Journal are, among others, favorable taxation, no control over foreign investment, convenient communication facilities furnished, and, above all, almost perfect freedom of the press in effect.
The inauguration issue of September 1 had 30 pages, of which 20 pages were filled with advertisements.

Original Format

Paper
Newsletter
7 x 11 inches (178 x 279 mm)

Citation

Nihon Keizai Shinbunsha, “Nikkei News,” Queens College Archives and Special Collections, accessed November 22, 2017, http://archives.qc.cuny.edu/queenscollege/items/show/457.