New York - Publisher Dow Jones & Company announced on Monday that it will acquire London-based eFinancialNews, a publisher of financial news and provider of related services, for about $43 million.

The company's publications include the weekly Financial News and Private Equity newsletters, and its subscription-based eFinancialNews.com service.

Over half of eFinancialNews' revenue this year is projected to come from non-print sources, which include training and events for people in investment banking, asset management, private equity and trading.  

"eFinancialNews is a very well-run multimedia company with highly regarded brands, content, products and services," said Dow Jones CEO Rich Zannino.

"Its fast-growing print, online, training and events businesses will enhance the growth and profitability of our European consumer and enterprise media operations and add successful digital and other non-print businesses to help diversify our reliance on traditional print revenue.''

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