Dow Jones & Co. Announces Profit

Dow Jones & Co., which publishes the Wall Street Journal, earned $46.4 million, or 48 cents a share, in the three months ended March 31. That was up from $40.2 million, or 40 cents a share, a year earlier.

Revenue rose 9.2 percent to $545.4 million from $499.2 million.

The business publishing segment that includes the Journal posted a 42.5 percent decline in operating income, mostly due to a lease writedown and costs associated with starting European television operations. Without those items, the division’s profit still fell 15 percent.

Revenue from the division rose 6.4 percent and advertising linage in the Journal was up 1.6 percent.