Site Is Latest in a Series of Ventures Bringing the MarketWatch.com
Name and Content to the Growing World Market of Private Investors
SAN FRANCISCO, Nov. 15 /PRNewswire/ --
MarketWatch.com, Inc. (Nasdaq: MKTW) announced today that it has joined with
the Financial Times Group to launch Financial Times MarketWatch.de
(http://www.ftmarketwatch.de), a free Website offering real-time financial news,
analyses and tools to consumers in Germany, Europe's largest market of private
investors.
Launching ahead of schedule, FTMarketwatch.de is the latest joint venture
announced within the last 12 months bringing the MarketWatch.com name and
content to new overseas audiences. The first was the highly successful launch
of FTMarketWatch.com, also in partnership with the Financial Times Group. That
site was named "Best Investment News Site" at the Investor's Week Magazine
Online Finance Awards in London. It currently draws some 240,000 unique users
per month.
In the U.S., MarketWatch.com operates three-year-old CBS MarketWatch.com,
the largest and most visited financial news site on the Web, according to the
latest data from Media Metrix.
"The growth in demand for investment information is occurring not only in
the U.S., but around the globe, where an unprecedented number of ordinary
consumers are investing in securities for the very first time," said
Larry Kramer, CEO of MarketWatch.com. "Our co-ventures with the Financial
Times Group will enable MarketWatch.com to bring quality financial content to
this voracious mass market."
As for the new German venture, FTMarketWatch.com Editor-in-Chief
Thom Calandra said, "German investors are desperate for trustworthy and
accessible real-time information -- not only on the new economy in Germany,
but also right across Europe. That is what FTMarketWatch.de will provide."
According to JP Morgan, Germany is Europe's largest and fastest growing
private investor market, with 54% of European online trading accounts. An
estimated 34% of German investors have holdings outside of their national
borders (Sofres 2000).
German-language FTMarketWatch.de will offer investors the kind of
comprehensive financial news, data and commentary that are hallmarks of sister
sites CBS MarketWatch.com and FTMarketWatch.com. The site's team of German
financial journalists will report on all major European stock exchanges, in
addition to supplying insightful and colorful analyses designed to help
investors make timely and informed decisions. FTMarketWatch.de will link to
sister MarketWatch.com sites to provide Asian and North American coverage.
Like CBS MarketWatch.com and FTMarketWatch.com, FTMarketWatch.de will
offer an array of sophisticated interactive tools, including a
Gainers / Losers database covering seven international exchanges, as well as a
multi-currency portfolio management, asset allocation tools and numerous
others.
FTMarketWatch.de will also provide content to FTD.de -- the Web site of
the Financial Times Deutschland, the daily business newspaper successfully
launched by the Financial Times Group and Gruner & Jahr in February of this
year.
About MarketWatch.com, Inc.
MarketWatch.com, Inc. a leading interactive financial media company
provides fast, relevant information via the Internet, television, radio, and
print to help people make and save money. The Company operates comprehensive,
financial Internet Web sites at http://cbs.marketwatch.com and
http://www.bigcharts.com and, in a joint venture with the Financial Times of
London, launched its first international site at http://www.ftmarketwatch.com.
MarketWatch.com's financial news and tools are licensed in custom-designed
formats by major brokerages and Internet sites. The Company also produces CBS
MarketWatch Weekend, covering over 80% of the U.S. on 127 CBS television
stations, and provides daily business and economic reports on CBS Television
and Radio Network news programming. The MarketWatch.com Radio Network reports,
distributed by Westwood One, are heard in the top ten U.S. markets on
128 stations. In addition, MarketWatch.com made its print debut with the Daily
News Express, a commuter newspaper edition of the New York Daily News.
Founded in 1997 and headquartered in San Francisco, MarketWatch.com has
facilities and bureaus in New York City, Minneapolis, Washington D.C., Los
Angeles, Chicago, Boston, Seattle, Detroit, Atlanta, Dallas, Tokyo, Hong Kong
and London. The MarketWatch.com Web sites are the most popular Internet
destinations for business and financial news and information, according to the
latest data from Media Metrix.
SOURCE MarketWatch.com, Inc.
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Related links:
http://www.cbs.marketwatch.com
CONTACT:
Elizabeth Ames of i-Media Communications,
212-517-6484, or mobile, 917-721-6277, or imedia2001@yahoo.com
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