Dow Jones to Change Name of Community News Subsidiary to Dow Jones Local Media Group Inc.

NEW YORK . — Dow Jones & Company announced today that its community newspaper and other media properties subsidiary will be renamed Dow Jones Local Media Group Inc. effective July 1.

The Dow Jones Local Media Group includes eight daily newspapers, 15 weekly newspapers and a collection of magazines and Internet sites in six U.S. states which previously operated as Ottaway Newspapers Inc.

“The new name reflects the closer working relationship between our successful local news franchises and the rest of Dow Jones and News Corp.,” said Les Hinton, CEO of Dow Jones.

Ottaway Newspapers got its start in 1936 when James H. Ottaway Sr. purchased the Bulletin, a semi-weekly newspaper in Endicott, N.Y. Ottaway Newspapers expanded through the years and was purchased by Dow Jones in 1970. It has functioned as a unique business within Dow Jones since.

“We are a community news provider and a component in a global media franchise. Changing our name won’t change our core values. Our local media franchises will continue to operate independently to cover the communities they serve,” said Patrick J. Purcell, executive chairman of the Dow Jones Local Media Group.

“The Ottaway name has served the organization well for more than 70 years. While the name is changing, the organization will retain the professionalism and commitment to community service that originated under the leadership of the Ottaway family,” said William Kennedy, chief operating officer of the Dow Jones Local Media Group.

The Dow Jones Local Media Group counts more than 1,200 employees and is headquartered in Middletown, N.Y. Major publications include: the Times Herald-Record, in Middletown, N.Y.; the Cape Cod Times in Hyannis, Mass.; the Standard-Times in New Bedford, Mass.; the Pocono Record in Stroudsburg, Pa.; The Record in Stockton, Calif.; The Portsmouth Herald in Portsmouth, N.H.; the Medford Mail Tribune in Medford, Ore.; the Ashland Daily Tidings in Ashland, Ore., and the Inquirer and Mirror in Nantucket, Mass.