Summary
Technological initiatives of Dow Jones CEO Peter Kann - Includes related articles - Cover Story
Peter Kann is finally leading Dow Jones and Co. into the electronic age. The most notable of his efforts is his phased acquisition of the Telerate information service. This service provides investors with timely, multimedia and financial information, providing them with the ability to monitor developments as they happen. Unlike its main competitor, which specializes in foreign-exchange data, Ternate's main focus is on US government bonds. Aside from Ternate, Kann has launched other electronically sophisticated projects. These include the first-generation interactive Personal Journal which downloads special information from the Wall Street Journal onto a computer. The Dow Jones Business Information Services, meanwhile, continues to market its products and services to corporations and individuals. Lastly, Dow Jones secured a minority share in the US Satellite Broadcasting Inc. which will broadcast business and financial news brought by Dow Jones.See the full content of this document
Extract
Hot lead meets high-tech.
On the 17th floor of 200 Liberty St. -- a stone's throw from the towering World Trade Center and a short walk from Wall Street -- Peter Kann's office faces west, with a panoramic view of New York harbor and the Statue of Liberty. Inside, in a sequence that seems strangely mirror-image, Kann, chairman and CEO of Dow Jones & Co., scribbles on a legal pad as an interlocutor poses a question in the form of an ethical conundrum. In a scene from the recent, award-winning foreign film, "Before the Rain," Kann is told, a Pulitzer Prize-winning photojournalist flees the fighting in Bosnia-Herzegovina badly shaken after witnessing the killing of a prisoner who is shot in the head. Recounting the incident to his editor in London, the photographer hands her his camera, calling it quits.
But she urges him to return to Bosnia, using his photos to inform outsiders about the conflict and "taking a side." A Pulitzer Prize winner himself, 52-year-old Kann spent his early career pounding a beat in Asia, writing for The Wall Street Journal on the Vietnam War, and later, on the 1971 India-Pakistan War. As an eyewitness to bloodshed, did he ever take a side? "A complicated issue," Kann half-grunts after a momentary silence, leaning back in his chair, fingers locked together on top of his head, eyes turned toward the ceiling. "As a journalist, one should try pretty hard not to take sides. And yet there are situations where there is a clear-cut distinction between right and wrong....See the full content of this document
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