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Dow Jones & Company said today it would launch "The Wall Street Journal Professional Edition," aimed at providing business readers with more in-depth information.

The Wall Street Journal Professional Edition will be available to businesses in November with a wider availability in January for $49 a month or just under $600 a year. The new offering combines news from Dow Jones and The Wall Street Journal along with information from Factiva, the news archive owned by Dow Jones.

"This really is a new model for the delivery of high-quality business news for a sophisticated audience," said Robert Thomson, editor-in-chief of Dow Jones & Company and managing editor of The Wall Street Journal.

"We are not imprisoned by a terminal and are thus able to produce a more contemporary Web-based news feed tailored to a sector, a company or an asset class. Readers will be able to create a virtual newswire and alert system that suits their specific business needs."

• Key offerings of The Wall Street Journal Professional Edition include:
• News and information from more than 17,000 global sources, some of which is not available to the public
• A one-year archive of Factiva and a two-year archive of wsj.com content
• More than 30 industry pages managed by Dow Jones editors
• Six key industry sections managed by Wall Street Journal editors who select news and information about pharmaceuticals, healthcare, energy, media & marketing, telecommunications and technology
• Personalized homepage with breaking news alerts