Last month we watched speculation and media fervor build over which company
would buy CBS Marketwatch.  In the end, Dow Jones won the bidding with a
deal, expected to be completed today, for $519 million, about six times
MarketWatch’s 2004 revenue.

Today’s NYT
story by Eric Dash sheds more light on the deal and explains how Internet
news sites — once the shunned cousins of major news outlets — are making a
strong come back.